Life income gifts make it possible to give cash or property to Wheaton College and, at the same time, receive a substantial income from the property during your life.
A life income gift may help maintain or even increase your current income from the property you contribute. You can create a lifetime income stream for yourself, your family, or your relatives through the use of a charitable remainder trust or charitable gift annuity. It is even possible to create an income stream for Wheaton College through a charitable lead trust, without having to donate the underlying asset.
A gift annuity is established when you make a gift to Wheaton College and in return, the college agrees to make annual, fixed dollar payments for the lifetime of the person(s) you designate to receive the payments.
The charitable remainder trust enables you to receive income for life and avoid potential capital gains taxes, and provides you with a current charitable income tax deduction.