Life Income Plans

A Life Income plan provides you with the opportunity to make a meaningful charitable gift to establish an endowment to support your favorite charitable organization(s). In exchange for this gift you and/or others will receive income for life, avoid capital gain taxes on appreciated long-term assets and receive a partial tax deduction in the year the gift is made. Here are some life income plans that may assist you with your charitable planning.

Charitable Gift Annuity

A Charitable Gift Annuity (CGA) is a contract between a charity and a donor that enables you to transfer cash or marketable securities in exchange for a current income tax deduction and the organization’s promise to make fixed annual payments to you for your life. The annuity rate is based upon the donor’s life expectancy at the time of the gift. At the death of the donor what is left in the contract passes to the designated charitable organization.

You can establish a Charitable Gift Annuity with an initial transfer of assets of $25,000 or more. One-life or two-life gift annuities are available for individuals 65 years of age or older.

The Foundation for the Charlotte Jewish Community utilizes the resources of Jewish Federations of North America to administer the Charitable Gift Annuity Program. Please let us know if you are interested in learning how this program can provide benefits to you and help support our Charlotte Jewish community.

Charitable Remainder Trust

A Charitable Remainder Trust (CRT) allows you to make a future gift to establish a fund at the Foundation while retaining income payments for yourself or others for life or a fixed number of years. A CRT provides an immediate income tax charitable deduction in the year the gift is made and may reduce your estate tax liability. It also allows for a transfer of appreciated assets to avoid taxable capital gains.

Charitable Lead Trust

A Charitable Lead Trust (CLT) allows you to make a current gift of income payments to your fund at the Foundation while retaining the right for the principal to be returned to you or others upon your death or after a fixed number of years. A CLT provides an immediate income tax charitable deduction in the year the gift is made and may reduce your estate tax liability. It also allows for a transfer of appreciated assets to avoid taxable capital gains.


Phil Warshauer
Executive Director
704.973.4544

Nancy Kipnis
Assistant Vice President & Coordinator, Create Your Jewish Legacy
704.973.4554