Some charities talk about planned or deferred giving. What is that?
Usually they are ways whereby both you (or your family) and charity enjoy your property or its income. The most popular are: Life Insurance You name a charity as a beneficiary of a life insurance policy. With some limitations, both the contribution of the policy itself and the continued payment of premiums may be income-tax deductible. Charitable Remainder Trust You transfer assets to a trust that pays an amount each year to non-charitable beneficiaries (for example, to yourself or your children) for a fixed term or for the life or lives of the beneficiaries, after which time the remaining assets are distributed to one or more charitable organizations. You get an immediate income tax deduction for the value of the remainder interest that goes to the charity on the trusts termination, even though you keep a life-income interest. In effect, you or your beneficiaries get current income for a specified period and the remainder goes to the charity. Charitable Income Or Lead Trust You transf
