CHARITABLE GIFT ANNUITY
I am a representative of National Community Foundation, the financial arm of the non-profit, New Life International. http://newlifeint.org/
You can learn more about their Charitable Gift Annuity and Real Estate transfer program by clicking the link below: http://www.natcf.org/
A charitable Gift annuity can be a good fit for someone with an appreciated asset like real estate, securities, or land that you would like to reduce capital gains, get an immediate tax deduction, and convert the asset into a lifetime of income for one or two lives.
Essentially, you transfer the property to the Foundation, and they issue you an annuity protected by an insurance company. Since the Foundation is a non-profit, you save substantially in both capital gains, gain a tax deduction, and reduce the rate of taxation.
If you would like to learn more, I would be able to put you in touch with my contact at the foundation to see if a charitible gift annuity is the right fit for you.
Best regards,
Dan Neils