Life Income Gifts

Life Income Gifts - Charitable Remainder Trusts and Charitable Gift Annuities

One way to support Pine Street Inn while maintaining your current financial situation is by making a “life income gift.” There are two types of life income gifts, each with its own benefits.

A charitable gift annuity is an agreement between you and Pine Street, whereby you make a gift to Pine Street and Pine Street then provides fixed, regular payments to you for life with the remainder of the gift going to Pine Street upon your death. Payment amounts depend upon the amount of your gift and your age.

A charitable gift annuity could be right for you if you:

  • Are at least 65 years of age
  • Are considering a gift of $25,000 or more
  • Want to maintain or increase your cash flow
  • Want to fund the annuity with securities or cash
  • Want to qualify for an immediate income tax deduction now during your high-income years for the gift (subject to certain income limitations)

A charitable remainder trust could be right for you if you are considering a gift of $250,000 or more and you want:

  • An income for you and/or your beneficiaries for life or a period of up to 20 years
  • An immediate and substantial income tax charitable deduction (subject to certain income limitations) for itemizers
  • Potential avoidance of current capital gains taxes when the trust is funded with long-term appreciated property
  • A reduction of your estate’s value to avoid or reduce death taxes
  • A reduction of probate costs, taxes, and other estate transfer expenses

While a charitable remainder trust is independently managed by you or your advisor, a charitable gift annuity contract can be made directly with Pine Street Inn.

We are here to help!

Please link here if you’re interested in receiving a personalized charitable gift annuity and/or charitable remainder trust illustration from us.

Every situation is different. Please contact Davi Axinn Levine, Director of Planned Giving, at 617.892.9244 or Daxinnlevine@pinestreetinn.org for assistance with calculations, to receive a brochure, or to explore other giving options that meet your charitable giving goals. 

Tax ID number: 04-2516093
Address: Pine Street Inn, Attn: Development, 444 Harrison Avenue, Boston, MA 02118