Giving and Generating Income
Planned giving is a great way to support Westminster Ingleside Foundation while generating income for yourself and your family. Learn how these gifts allow you to achieve both of these goals.
A charitable gift annuity provides fixed payments to you or others you name for life in exchange for your gift of cash or securities.
Most residents in our three Ingleside communities have a material asset that accrues no interest. This asset is a resident’s refundable entrance fee. Ingleside has instituted a new program to make this asset work for you during your lifetime. Use all or part of your refundable entrance fee to fund a charitable gift annuity and enjoy income and tax benefits all while providing an immediate charitable gift to the Foundation.
A deferred gift annuity provides fixed payments to you or others you name for life in exchange for your gift of cash or securities. The payments start on a date you choose that is at least one year after you make the gift.
A charitable remainder unitrust can help you maintain or increase your income while making a significant gift to Westminster Ingleside Foundation. The charitable remainder unitrust is highly flexible. You can easily make gifts of assets that are not easily converted to cash using the unitrust. If your unitrust grows, your payments will grow too, providing a potential hedge against inflation.
A flip unitrust can be an excellent way for you to give an asset that may take time to sell and receive substantial payments for life once the flip unitrust sells your asset. You might also be interested in using a flip unitrust to make a gift now that will supplement your income in the future, such as when you retire.
You can now make a Qualified Charitable Distribution in exchange for a charitable gift annuity and receive fixed income for life.