Gifts through Life Income Plans
If you wish to receive income during your life while providing a significant gift to Saint Luke Institute, consider establishing a life income plan. These arrangements provide tax benefits to the donor as well as funds to Saint Luke Institute.
There are many forms of a life income plan. Generally, a life income plan is an irrevocable assignment of assets. You or a designated beneficiary receive income or a fixed annuity payment for your or the beneficiary’s lifetime, with the principal passing to Saint Luke Institute upon your death or at an earlier stated time.
Please consult us and your tax adviser.
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