In exchange for
your irrevocable gift of cash, securities, or other assets, Rhode Island Hospital agrees to pay one or two annuitants you name a fixed sum each year for life, with payments starting at least one year after your gift.
Not exact matches
A charitable remainder trust (CRT) is formed by a
gift of cash or other property to an
irrevocable trust.
Charitable Annuities — An annuity funded with an
irrevocable gift (
cash, stock or, in some states, real estate) and consists
of a simple contract between you and the Humane Society
of Greater Miami whereby the Society guarantees to provide you and / or another beneficiary fixed, regular payments for life.
Other strategies include the use
of irrevocable life insurance trusts, and giving the
cash benefit to your heirs as a
gift while you are still alive if the amount you will be giving is less than a million dollars.