Have you heard of a Charitable Gift Annuity? It’s a smart estate planning tool that helps you support your loved ones and the causes you care about most. While not for everyone, it’s a solution to common challenges in estate planning, offering financial stability to heirs while leaving a meaningful legacy for charity.
How It Works
A Charitable Gift Annuity is funded with a portion of your estate, called the corpus, which is invested to grow in value. Regular payments are made to your designated beneficiaries for a set period or their lifetime. Once the term ends, the remaining funds are gifted to the charity you’ve chosen, allowing your legacy to make a lasting impact. See infographic from fidelitycharitable.org for the highlights.
Problem #1: Supporting Heirs Wisely
Do you worry about heirs struggling with managing their inheritance? It’s not an uncommon concern. A Charitable Gift Annuity can ease these concerns by providing fixed annual payments to your heirs. Instead of a lump sum, they receive steady income, ensuring long-term financial stability without risking the full inheritance.
Problem #2: Keeping Your Charitable Legacy Alive
You’ve poured your heart into supporting causes you love, and you want your legacy to continue. With a Charitable Gift Annuity, you can provide for your family while ensuring that the remainder of your investment benefits your favorite charity.
Benefits at a Glance
Financial Security for Heirs: Offers an income stream without risking the principal.
Support for Your Charity: Provides a gift to the cause you love after benefiting your heirs.
Legacy Building: Allows your values to live on through continued charitable support.
If you’re considering a Charitable Gift Annuity and want to name Nevada County Habitat for Humanity as your charity, we’d be honored to help make it part of your legacy. Together, we can create affordable housing for families in Nevada County and ensure your generosity benefits future generations.
Interested in learning more? Reach out to us today! [email protected]