Life Income
Life income plans enable a donor to make a substantial gift while retaining an income stream from the gift. Under these plans, you irrevocably transfer assets to the UWSP Foundation. In return, you will receive income for your lifetime, or the lifetimes of other beneficiaries you designate. At the end of the surviving beneficiary's lifetime, the remaining assets will be used by the Foundation in accordance with the donor's wishes, as expressed when the gift was made.
These plans offer attractive benefits. A portion of the gift's value, depending upon the terms of the trust and the ages of the income beneficiaries, is a tax-deductible contribution. You could actually increase your spendable income through careful planning of a life income gift. There are also gift tax and estate tax benefits. The Foundation's life income plans include charitable remainder trusts and gift annuities.
To request an illustration of your tax deduction and income payments, contact Deb Anstett.