The Community Foundation of Greater New Britain connects donors who care with causes that matter in Berlin, New Britain, Plainville and Southington. If you'd like to make a difference in your community, please contact us for more information.

Life Income Plans

Charitable Gift Annuities
A charitable gift annuity from the Community Foundation is a way for you to receive a guaranteed income for life and an immediate income tax deduction, while at the same time, leaving a legacy to the charitable cause of your choice.

Through a charitable gift annuity, you receive a fixed stream of income for life. After the lifetime annuity is paid to you and your spouse, the remaining principal is transferred to your named charitable fund to accomplish your specific charitable goals. It is a permanent source of community capital, helping you to do good work forever.

A donor may give cash or stocks to set up a charitable gift annuity. And the Community Foundation makes it easy by handling all the administrative details.

Charitable Remainder Trusts
You can use an irrevocable trust to provide yourself and/or a loved one with a fixed annual income or an income, which varies with the value of the trust.  Part of your gift qualifies for an income tax deduction, as calculated with IRS tables.  At the death of the last income beneficiary, the corpus of the trust is distributed to the Foundation to meet your philanthropic wishes.

Charitable Lead Trusts
You can support charities through a fund established at the Foundation for a term of years or for the life of an individual by creating a charitable lead trust.  Income will be paid to the charities of your choice each year during the term of the trust.  When the trust terminates, the assets in the trust revert to you or to individuals you wish to benefit.

Our development staff is pleased to provide a free, personalized analysis regarding your charitable gift annuity rate and tax deduction information. As these giving vehicles are complex and related to other estate planning, we encourage you to work with your lawyer or financial advisor. For more information, please contact Ann Bova at 860.229.6018 x302.
 


74A Vine Street | New Britain, CT 06052 | 860.229.6018 | Contact Us
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74A Vine Street | New Britain, CT 06052 | 860.229.6018 | Contact Us
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