Planned Giving - Life Income Gifts
A life income gift allows you to give assets to the Bronson Health Foundation while providing yourself or others with income for a period of time before Bronson is permitted to use your gift. You may make a life income gift by transferring securities, cash or other property with Bronson Health Foundation as the beneficiary. A 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 or, in some cases, for a term of up to 20 years.
Life income gifts include:
Charitable Gift Annuities
In exchange for an outright gift, Bronson or a trustee agrees, by contract, to pay a fixed amount each year to you and/or another beneficiary for life.
Charitable Remainder Unitrusts
You establish a trust from which you and/or other beneficiaries receive variable annual payments for life and/or a term of years. At the end of the term, the remainder of the trust assets go to the Bronson Health Foundation for the purposes you designate.
Charitable Remainder Annuity Trusts
You establish a trust from which you and/or other beneficiaries receive annual payments of a fixed dollar amount for life and/or a term of years, after which the remainder of the trust assets pass to the Bronson Health Foundation for the purposes you designate.
For questions about planned giving or more information, please call (269) 341-8100 or email email@example.com.