Do you have additional questions that aren’t listed above? Email Biglife at plannedgiving@big.life.
Gifts That Pay Income
Benefits of a Charitable Gift Annuity
Support the important work of Biglife while caring for the needs of you and your family.
Receive an immediate tax deduction for a portion of your gift, at the time your gift is made.
Secure fixed payments for life to you or to you and a loved one.
How It Works
Make a gift into a charitable trust. Contributions may include cash, publicly traded securities, some types of closely held stock, real estate, and other non-cash assets.
Receive ongoing payments for one or more individuals, including yourself.
Remaining assets are distributed to Biglife and any other favorite charities upon termination of the trust.
Benefits of a Charitable Remainder Trust
Life income. Make a gift that also provides you and your loved ones with ongoing payments.
Tax deduction. Receive an immediate income tax deduction for a portion of your gift.
Preserved value. Gift appreciated assets instead of selling them and avoid the immediate tax bill. The full value of your gift will be invested for the benefit of your family and God’s Kingdom!
Payment options. Select the annual payout rate and frequency of payments.
Lifetime Income Options
You will select your annual payout rate at the time the trust is created. The minimum percentage must be at least five percent, and the maximum allowable percentage depends on your age or the term of the trust. Choose from two payout options:
With a charitable remainder unitrust (CRUT) you’ll receive variable payments based on a fixed percentage of the value of the assets in the trust, as computed on January 1 of each year.
A charitable remainder annuity trust (CRAT) provides fixed payments year-after-year, based on a specified percentage of the value of the assets originally placed in the trust. The amount does not vary, even if the value of the assets in the trust increases or decreases.
Frequently Asked Questions
I've heard there are ways I can give to Biglife and receive income for life. Is that true?
Yes, this is true. Through a life income gift, such as a charitable gift annuity or a charitable remainder trust, you can support the important work of Biglife and receive payments for life. Contact Biglife to get connected with a planner who can help you identify which giving option is the right fit for you.
What assets may be donated to a Charitable Remainder Trust?
You can use the following types of assets to fund a charitable remainder trust…
- Real estate
- Cash
- Publicly traded securities
- Some types of closely held stock (Note that CRTs cannot hold S-Corp stock)
- Certain other complex assets