The assets you own or have invested are like "trees" that bear "fruit." Sometimes you no longer need the fruit, and can afford to give away the tree-making an outright gift today. But sometimes you still need the "fruit" to sustain you during your lifetime; then you can afford to give away the tree, tomorrow, after a period of years or after your death.
If you need the use of your asset now, you can still make a "deferred" charitable gift that entitles you to significant benefits today. You simply make a contribution of cash, appreciated stock or other property to a JFCS life income plan. We then sell and reinvest your asset to pay an annual income to you and/or a beneficiary for life or a term of years. Because we are a nonprofit, the assets you transfer to us enjoy tax benefits and you may be able to realize a greater income from your asset than you are currently receiving. After the death of the last beneficiary, or the end of the term, your gift goes to JFCS and the proceeds are used for whatever purposes you designated at the time you made your gift.
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Determining the right plan depends upon a number of factors, including your age, the type of asset, your income needs, and your personal and financial objectives. It is always advisable to consult your own legal and financial advisors in this regard. We are happy to consult with you and your advisors about the options that are available.
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