More examples in Legal/Estate Planning

Charitable Gift Annuity with a Family Foundation for Tax Planning Example

SmartDraw includes Estate Planning examples like this Charitable Gift Annuity with a Family Foundation for Tax Planning template that you can easily edit and customize in minutes.





Text in this example:

DONOR FAMILY FOUNDATION Heirs Annuity Provider Insurance Provider 1 4 2 3 5 6 7 Assets are transferred
to charity by client.
Client receives life time
income and immediate
tax deduction. Charity pays income
to donor or beneficiaries. Guaranteed income
to charity is paid by
annuity provider. To guarantee the income
to the donor, charity
secures a commercial
annuity. Charity purchases life
insurance. This
guarantees the value
of the tax deduction
to the donor. Death benefit from
life insurance is used
to fund charity. Donor may choose
to use a portion of
the annuity income
for inheritance
wealth replacement. CHARITABLE GIFT ANNUITY WITH A FAMILY FOUNDATION

Share this page: