Gifts that pay you income
You can receive a lifetime income, in addition to various tax benefits, from making a gift to one of our life-income plans. On the death of the income beneficiary (you and/or another person), Pendle Hill will have use of the funds to further its programs and research.
Louise Hamel
"Pendle Hill has been in my will for quite some time. In addition, I decided that a Charitable Gift Annuity would meet my need for income while leaving Pendle Hill the remaining principal at my death."
Life income plans include:
In exchange for a gift of cash or securities, we will agree to pay you a guaranteed, fixed annual income for your lifetime. This income may start now or at a later date, such as retirement. The rate of the annuity is based on the ages of the annuitants, you or another person. You will incur no immediate capital gain on the transfer of appreciated securities and part of your annuity payment will be tax-free. This program is administered by Friends Fiduciary Corporation.
Charitable Gift Annuity details
We are happy to work with you and your financial advisors to create an individual income arrangement which suits your unique circumstances. For example, you may choose a fixed or fluctuating payment, the rate of income, and many other features to suit your particular needs. You will incur no capital gain tax on the initial transfer of long-term, appreciated securities or real estate into the trust.
For instance, life income gifts may be established through your will or living trust, giving you the flexibility to change your mind during your lifetime and yet providing a substantial charitable estate tax deduction for taxable estates.
