Gifts That Pay You Income

Do you want to support BGCMC but worry about having enough income for yourself and your loved ones? Life-income gifts can provide donors with an income stream, significant tax savings, and the satisfaction of supplying BGCMC  with vital long-term resources.

(The creation of a life-income gift benefits both the giver and the receiver—a “win-win” situation. The following life-income gifts are available, and one may be right for you:

Charitable Gift Annuity (CGA)

Your Goal:

• Receive fixed income for life
• Avoid capital gains tax of the sale of your appreciated property
• Enjoy the benefit of tax savings from a charitable deduction

How it works:

You transfer your cash or appreciated property to Boys & Girls Clubs of Monterey

County in exchange for our promise to pay you fixed income (with rates based on your age) for the rest of your life.

Your Benefits:

• Charitable tax deduction
• Fixed income for life
• Partial bypass of capital gain
• Possible tax-free payments

Charitable Remainder Trust (CRT)

Your Goal:

• Enjoy regular income for life or a terms of years
• Transfer your appreciated property without paying capital gains tax
• Receive the benefit of tax savings from a charitable deduction

How it Works:

You transfer your cash or appreciated property to fund a charitable trust.  The trust sells

your property tax-free and provides you with income for life or a term of years.

Your Benefits:

• Income for life or a term of years
• Charitable tax deduction
• Avoidance of capital gains tax
• Possible income growth over time