Certain arrangements for charitable giving allow you or someone else to receive a regular payment of income during your/their lifetime.
These types of giving arrangements can make charitable giving a lot easier:
You can earn an attractive retirement income that gives you the income you need while allowing you to give away larger charitable gifts without giving up security.
A “charitable gift annuity” can give you a guaranteed, fixed income on a regular basis for as long as you live. The older you are, the larger the income payments.
A “charitable remainder trust” can give you income payments that are based on investment performance, and therefore have a potential for increasing over time.
Some arrangements allow you to defer income until when you will really need it. This may mean that the income is greater than it would have been if it started right away.
You may earn an income tax charitable deduction for the charitable portion of your gift, and the income you receive may receive lower tax treatment than other options.
It may be preferable to set up a stream of income for an heir rather than leave them a lump sum of money from your estate.