If you’re charitably inclined, you may wish to consider a charitable gift annuity. It can combine the benefits of an immediate income tax deduction and a lifetime income stream. Plus it can reduce the size of your future taxable estate. How does it work? You make a gift of cash or other property to a charity in exchange for a guaranteed income annuity for life. For you to claim a charitable deduction for a portion of the annuity purchase price, the charity must receive at least 10% of the initial net value of the transferred property. Contact us for details.