Family obligations and the need to provide for retirement, coupled with the high cost of living, make it difficult for many people to consider substantial charitable gifts now. However, there is a way to have the satisfaction of making a meaningful lifetime gift without sacrifice. In fact, you can get current income tax and financial benefits. It is called a life income gift. You irrevocably transfer some assets to Hospice of Palm Beach County Foundation now, and in return, you (and a survivor, if you wish) receive income for life. As a result, the assets are used to carry out our mission.
By making a life income gift to Hospice of Palm Beach County Foundation, you will receive the following benefits, in addition to the pleasure of knowing the good work your gift will do. The benefits include:
- A charitable deduction in the year you make the gift for the present value of our right to eventually receive the assets.
- Your effective yield is increased by substantial income tax savings.
- The income can be taxed more favorably in some plans.
- Your probate and estate administration costs may be reduced.
Charitable Gift Annuity
Charitable Remainder Trusts
For additional no obligation information about planning your gift to Hospice of Palm Beach County Foundation, please contact Tish Carlo, Director of Planned and Major Gifts at (561) 494-6880.
