“Life-income” refers to a type of irrevocable planned gift that returns income to the donor, benefitting ARI after the donor’s death. Think of the life-income plan as a fruit-bearing tree: the donor contributes the tree, but retains the right to the annual harvest of fruit for his lifetime and/or for that of his chosen beneficiary. Unlike traditional bequests, life-income gifts offer lifetime tax advantages to donors.
The three life-income gift vehicles are: the charitable gift annuity, with its variation, the deferred gift annuity; the pooled income fund; and the charitable remainder trust.
Compare the types of life-income gifts
Other Planned Gifts
The charitable lead trust pays income to one or more charitable organizations for a term of years, after which the trust principal reverts to the donor or passes to his designated beneficiaries. Lead trusts are often used to reduce the tax cost of transferring wealth to heirs.
The retained life estate can help realize some of the benefits of a bequest during your lifetime. Instead of leaving your home to the Institute in your will, you can donate it now but retain the right to live in it for the rest of your life. You may receive a substantial income tax deduction in the year you arrange such a gift.
Assets for Charitable Giving
Funding for planned gifts as well as outright gifts is not limited to cash—financial support of ARI can take many forms. Suitable property includes stocks, bonds, mutual funds, real estate, life insurance, retirement plans, business interests and tangible personal property. Particularly advantageous for charitable giving are assets that have appreciated, i.e., increased in value, since you acquired them. More . . .
Detailed Instructions for Gifts of Securities
A word about tax deductions: The Ayn Rand Institute is a qualified, non-profit, 501(c)(3) organization under U.S. law. We chose this structure in part so that our donors might take advantage of favorable IRS rules on charitable giving. In addition, the Institute itself is exempt from taxation, leaving more funds to fight for a social system in which the term "tax exempt" will no longer have meaning.
Atlantis Legacy Pages
ARI is committed to providing donors with accurate and authoritative information about planned giving. However, we cannot render legal or tax advisory services, and the information in these Web pages is not intended to serve as legal or tax advice. We urge donors to consult their own advisors regarding the tax and legal consequences of potential gifts. We are pleased to work with donors’ advisors as well as our own to ensure the best result for all concerned.
The Ayn Rand® Institute is a 501(c)(3) non-profit organization recognized by the U.S. Internal Revenue Service. ARI’s federal identification number is 22-2570926.
Atlantis Legacy® is a registered trademark owned by the Ayn Rand Institute. All rights reserved.