Income for Life
Making a gift today while retaining annual income for the remainder of your life, or a different period of time, can be accomplished by using a charitable remainder trust or similar gift plan. These plans allow for an income-tax deduction in the year the gift is completed, and you receive annual income based upon the value of the contribution and your age at the time the gift is completed.
Another example of income for life is giving the house you own and live in to a charitable organization. You receive an income-tax deduction in the year the gift is completed and continue to live in the home until your death.
These types of plans allow donors to minimize their estate and gift taxes. For additional information about income-for-life plans, please call our office. We can set up a no-obligation, confidential meeting at your convenience.
In This Section
- Samaritan Healthcare Foundation
- Board of Directors
- Foundation Events
- Ways to Give
- Appreciated Assets
- Bequests Through a Will or Trust
- Income for Life
Samaritan Healthcare Foundation
801 E. Wheeler Road
Moses Lake, WA 98837
Gretchen Kramer Youngren,
director of Development and Communications
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