Kings New York Charitable Gift Annuity

Category:
State:
Multi-State
County:
Kings
Control #:
US-1340742BG
Format:
Word; 
Rich Text
Instant download

Description

A charitable gift annuity is a gift vehicle that falls in the category of planned giving. It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. A King's New York Charitable Gift Annuity is a financial tool that allows individuals to make a charitable gift while also receiving fixed payments for life. It provides a way for individuals to support a favorite charitable cause, such as a nonprofit organization or educational institution, while enjoying financial benefits in return. Keywords: King's New York, charitable gift annuity, financial tool, individuals, charitable gift, fixed payments, life, support, nonprofit organization, educational institution, financial benefits There are two types of King's New York Charitable Gift Annuities: 1. Deferred Charitable Gift Annuity: This type of annuity allows individuals to plan for their future by deferring the start of annuity payments until a later date. By making a charitable gift now, individuals can benefit from immediate tax deductions while still ensuring a steady stream of income in the future. 2. Immediate Charitable Gift Annuity: Individuals who choose an immediate charitable gift annuity can start receiving annuity payments right away. This type of annuity is suitable for individuals who want to make an immediate impact with their charitable gift while also receiving a reliable income source. Both types of King's New York Charitable Gift Annuities offer advantages, such as tax benefits, fixed income payments, and potential reductions in estate taxes. These annuities can be tailored to meet the specific financial goals and philanthropic interests of the individual, providing a flexible and personalized giving solution. Whether an individual is looking to support a specific cause, create a lasting legacy, or benefit from fixed income payments, a King's New York Charitable Gift Annuity offers a unique opportunity to make a difference while enjoying financial security. By partnering with King's New York, individuals can ensure that their charitable giving aligns with their values and helps to create a positive impact in their community and beyond.

A King's New York Charitable Gift Annuity is a financial tool that allows individuals to make a charitable gift while also receiving fixed payments for life. It provides a way for individuals to support a favorite charitable cause, such as a nonprofit organization or educational institution, while enjoying financial benefits in return. Keywords: King's New York, charitable gift annuity, financial tool, individuals, charitable gift, fixed payments, life, support, nonprofit organization, educational institution, financial benefits There are two types of King's New York Charitable Gift Annuities: 1. Deferred Charitable Gift Annuity: This type of annuity allows individuals to plan for their future by deferring the start of annuity payments until a later date. By making a charitable gift now, individuals can benefit from immediate tax deductions while still ensuring a steady stream of income in the future. 2. Immediate Charitable Gift Annuity: Individuals who choose an immediate charitable gift annuity can start receiving annuity payments right away. This type of annuity is suitable for individuals who want to make an immediate impact with their charitable gift while also receiving a reliable income source. Both types of King's New York Charitable Gift Annuities offer advantages, such as tax benefits, fixed income payments, and potential reductions in estate taxes. These annuities can be tailored to meet the specific financial goals and philanthropic interests of the individual, providing a flexible and personalized giving solution. Whether an individual is looking to support a specific cause, create a lasting legacy, or benefit from fixed income payments, a King's New York Charitable Gift Annuity offers a unique opportunity to make a difference while enjoying financial security. By partnering with King's New York, individuals can ensure that their charitable giving aligns with their values and helps to create a positive impact in their community and beyond.

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Kings New York Charitable Gift Annuity