GIFTS THAT PAY YOU INCOME

Life-income gifts are a perfect way for you to support the Palm Beach Symphony while retaining enough income for you and your loved ones. You will receive a fixed or variable income stream that can pay income to yourself or a loved one or loved ones as well as receive notable tax savings. A life-income gift is a perfect situation where it benefits you and the Palm Beach Symphony.

The following life-income gifts are now available:

Charitable Gift Annuities

Immediate-Payment Gift Annuity

The Process

  1. You transfer cash or other property to the PBS.
  2. The PBS agrees to pay you, or up to two annuitants, fixed income for life.
  3. When the contract ends, the remaining balance of the transfer will pass to the PBS, ensuring that a legacy of music in Palm Beach as well as your legacy continue to live on.

 Your Benefits

  • A portion of payments will be tax-free.
  • Annuity payments to you, or your annuitants, are guaranteed for life.
  • Income tax-deduction for part of gift.
  • You will enjoy knowing that your gift will benefit you as well as the PBS.
  • You will enjoy knowing that your gift will provide the PBS worthwhile support for the symphony as a whole or for a specific program that is most important to you.

Deferred-Payment Gift Annuity

The Process

  1. You transfer cash or other property to the PBS.
  2. The PBS agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets).
  3. Payments to the annuitants don’t start immediately.
  4. When contract ends, remaining balance of transfer will pass to PBS, ensuring that a legacy of music in Palm Beach as well as your legacy continue to live on.

Your Benefits

  • Income tax-deduction for part of your gift.
  • A portion of cash payments will be tax-free.
  • When gift is  appreciated property, a portion will be tax-free.
  • You will enjoy knowing that your gift will provide the PBS worthwhile support for the symphony as a whole or for a specific program that is most important to you.

Charitable Trusts

Charitable Remainder Unitrust

The Process

  1. Create trust with a transfer of cash, securities, or other appreciated properties.
  2. You, or beneficiaries you designate, will receive a percentage of the value of the trust’s principal.
  3. When the trust ends, the remainder will go to the PBS.

Your Benefits

  • You, or beneficiaries you designate, will receive payments for life or a term of years, varying annually on the value of the trust.
  • Income tax-deduction on portion of contribution.
  • No capital gain tax on appreciated assets you donate.
  • Making additional gifts to trust can qualify for additional tax-deductions.
  • The trust’s remainder will provide worthwhile support for the PBS and its programs.
  • You will enjoy knowing that the trust remainder will provide the PBS worthwhile support for the symphony as a whole or for a specific program that is most important to you.

Charitable Remainder Annuity Trust

The Process

  1. Create trust with a transfer of cash, securities, or other appreciated properties.
  2. You, or beneficiaries you designate, will receive a percentage of the value of the trust’s principal.
  3. When the trust ends, the remainder will go to the PBS, ensuring that a legacy of music in Palm Beach as well as your legacy continue to live on.

Your Benefits

  • You, or beneficiaries you designate, will receive fixed payments for life or a term of years.
  • Income tax-deduction on portion of contribution.
  • No capital-gain tax when trust property is sold.
  • You will enjoy knowing that the trust remainder will provide the PBS worthwhile support for the symphony as a whole or for a specific program that is most important to you.

Contact us to learn more about this gift plan or other options