definition
a trust that pays you fixed income for life or term of years

donor goal
secure stable income

donor profile
donors seeking to make a substantial gift and receive fixed income

benefits

• a gift to Milton
• fixed income for life
• income tax charitable deduction
• no capital gains tax on transfer of appreciated assets
• possible estate tax savings
• simple to administer
• assets can be sold and investments structured to
  provide tax-advantaged income stream

funding

• typically funded with cash, appreciated securities or real estate
• $100,000 minimum