For you or your loved ones, these gifts can provide income for the duration of your lives or for a specific number of years. You receive a current income tax deduction as well. Payments can be fixed, variable or deferred, depending on your needs and preferences.

We offer four basic types of life income gifts:

• Charitable Gift Annuity—Provides a fixed income for life in exchange for a gift of cash or stock of $10,000 or more.
• Charitable Remainder Unitrust—Offers a trust that pays you and/or other recipients an income for life or designated years for a gift of $100,000 or more, and ultimately benefits your designated purpose at Duke.
• Charitable Remainder Annuity Trust—Provides a fixed income like a charitable gift annuity but the tax treatment of the payout may be preferable for gifts of highly appreciated assets of $100,000 or more.

This giving option can be used to transfer assets to children or other loves ones at a significantly reduced tax liability. The trust makes a fixed payment to Duke HomeCare & Hospice for a specified term, measured by someone's life or a number of years. After the trust term ends, the remaining assets are passed on to loved ones.

Applicable estate or gift taxes on the value of that transfer are reduced or eliminated. The tax savings from a charitable lead trust may allow you to provide significant support to Duke HomeCare & Hospice at little or no cost to heirs in terms of ultimate inheritance.

Gifts by will or revocable “living trust” are the most common form of deferred gifts to support Duke HomeCare & Hospice.  A bequest is naming a person or recipient of a gift and is contained in a person’s will or revocable (living) trust.

Gifts of retirement plans name Duke HomeCare & Hospice as a primary or contingent beneficiary of a retirement account.  This gift may enable you to make a larger gift than you anticipated because income and estate taxes are not imposed when assets are distributed to Duke HomeCare & Hospice.

Gifts of life insurance may name Duke HomeCare & Hospice as a primary or contingent beneficiary of your policy.  If you retain any control over the policy, no income tax deduction is allowed. However, if Duke is named both the sole owner and beneficiary of a paid-up policy, you may receive an immediate charitable deduction for the lesser of the policy’s fair market value or the net premiums paid. Additional premiums you pay may also be tax deductible.

Retained life estate in property may generate a current income tax deduction by giving a home or farm to Duke HomeCare & Hospice, while retaining the right to use the property during your lifetime. The property will also be removed from your taxable estate.