Plan Your Gift

Make a Life Income Gift

You may make a life income gift by transferring securities, cash, or other property to Closehaul Capial Charitable or a trustee. The trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiaries lives.

For the Donor

Tax Benefits

Income Tax Deductions

Donating to a qualified charitable organization can provide an immediate tax deduction for the donor.

Capital Gains Tax
Strategy

When donating appreciated assets like stocks, donors can avoid the capital gains tax they would have incurred had they sold those assets.

Estate Tax Reduction

Donors may reduce potential estate taxes by removing assets from one's estate and directing them toward charitable organizations.

Steady Income

With life income gifts, such as charitable gift annuities or charitable remainder trusts, donors can receive a steady income stream for life or a specified term. This can be particularly beneficial for retirees seeking an additional income source.

Potential for Increased
Income

In some scenarios, converting appreciated assets into life income gifts can yield higher yields than if the assets were sold and the proceeds were invested.

Diversification

Donors can diversify their holdings without incurring immediate capital gains through specific charitable giving strategies.

Flexibility

Charitable giving options can be tailored to fit a donor's needs, whether an immediate donation, a bequest, or a life income gift.

Philanthropic
Satisfaction

Knowing that one's wealth supports a cause or organization they are passionate about can provide immense personal satisfaction.

Legacy Building

Charitable gifts can leave a lasting impact, ensuring that a donor's values and philanthropic intentions are honored long after they are gone.

Reduced Management
Responsibilities

By transferring assets, genuine estate, or other tangible property to a charity, donors can relieve themselves of the management responsibilities associated with those assets.

For the Recipient Organization

Stable Funding: Large gifts can help charities stabilize their financial base, ensuring they can maintain or expand their operations.
Capital Growth: Charitable organizations can invest the gifts they receive and use the returns to fund ongoing projects or develop new initiatives.
Building Relationships: Involving donors often leads to a deeper relationship between the donor and the organization. This can have long-term benefits, including additional gifts, volunteering, or ambassadorship.
Planning Opportunities: Larger gifts can enable charities to plan bigger projects or long-term initiatives, knowing they have the financial backing.

For the Recipient Organization

Stable Funding: Large gifts can help charities stabilize their financial base, ensuring they can maintain or expand their operations.
Capital Growth: Charitable organizations can invest the gifts they receive and use the returns to fund ongoing projects or develop new initiatives.
Building Relationships: Involving donors often leads to a deeper relationship between the donor and the organization. This can have long-term benefits, including additional gifts, volunteering, or ambassadorship.
Planning Opportunities: Larger gifts can enable charities to plan bigger projects or long-term initiatives, knowing they have the financial backing.

For the Recipient Organization

Stable Funding: Large gifts can help charities stabilize their financial base, ensuring they can maintain or expand their operations.
Capital Growth: Charitable organizations can invest the gifts they receive and use the returns to fund ongoing projects or develop new initiatives.
Building Relationships: Involving donors often leads to a deeper relationship between the donor and the organization. This can have long-term benefits, including additional gifts, volunteering, or ambassadorship.
Planning Opportunities: Larger gifts can enable charities to plan bigger projects or long-term initiatives, knowing they have the financial backing.

For the Recipient Organization

Stable Funding: Large gifts can help charities stabilize their financial base, ensuring they can maintain or expand their operations.
Capital Growth: Charitable organizations can invest the gifts they receive and use the returns to fund ongoing projects or develop new initiatives.
Building Relationships: Involving donors often leads to a deeper relationship between the donor and the organization. This can have long-term benefits, including additional gifts, volunteering, or ambassadorship.
Planning Opportunities: Larger gifts can enable charities to plan bigger projects or long-term initiatives, knowing they have the financial backing.

In conclusion, charitable giving and life income gifts are beneficial in many ways, not just from a financial perspective but also from a personal and societal one. They foster a culture of giving, ensuring that worthwhile causes receive the support they need while giving donors significant advantages.