“You have to give some to get some.” Whether it was your mother’s wise counsel or your own life experience, this old saying affirms the importance of reciprocity: we must be willing to give a little of ourselves in order to experience the full richness of life.
A “life income gift” is a way of giving to get. With a life income gift, when you give to St. Mark’s you get a lifetime income in return. Depending upon the plan you choose, the amount of income can be fixed or variable and can be paid to you or others you choose.
Here are two examples of life income gifts that might be interesting to you:
Charitable Gift Annuity
In exchange for your contribution, St. Mark’s promises to pay you a certain amount of money each year. The amount we can pay you depends upon your age at the time of the gift, but does not change for the rest of your lifetime.
Charitable Remainder Unitrust
A charitable remainder unitrust pays you a certain percentage each year and, at the end of your lifetime, distributes whatever is left to St. Mark’s. These trusts work particularly well with gifts of securities, real estate, or other property that has increased in value because the trust pays no capital gains tax when it sells the contributed property.
We would be happy to provide more information, or you can explore ways you can give to get here. You can also explore life income gift with our gift calculator.