definition
gift agreement with Milton that makes fixed payments to you for life, beginning one or more years after the gift is made

donor goal
secure fixed life income while avoiding market risks

donor profile
best for those who want to defer income payments from Milton until age 65 or older

benefits

• a gift to Milton
• fixed annuity payments for life
• immediate income tax charitable deduction
• reduced capital gains taxes on appreciated assets

funding

• typically funded with cash, appreciated securities or credit card
• $10,000 minimum gift