Life Income Gifts

Gifts That Provide for You or Loved Ones First, and for the Museum Later

Gifts can be made during your lifetime to accomplish personal financial objectives while creating important future support for the museum. Known as Life Income Gifts, these gift methods may permit you to:

• Retain or increase your income for your lifetime or for a term of years
• Provide income for a loved one or friend
• Receive double income tax benefits:
  • 1. Deduct part of the value of the life income gift as an immediate charitable contribution. You will receive a charitable income tax deduction for the charitable remainder portion of your gift, based on the age of the income beneficiaries and how much income they will receive.
  • 2. Eliminate or reduce the capital gains taxes that would have been due if you had sold an appreciated asset instead of contributing it to a life income plan.
• Reduce your estate taxes by removing assets from your estate.
• Make an important future gift to the Oakland Museum of California.

There are three kinds of life income gifts available for donors to the Oakland Museum of California:

• The Pooled Income Fund
• Charitable Remainder Trust
• Charitable Gift Annuity

Contact us for more information