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A life income gift allows you to make a gift to Stanford while providing yourself or others with income for a period of time before Stanford is permitted to use your gift. You may make a life income gift by irrevocably transferring securities, money, or other property to Stanford or a trustee. The university or trustee then manages the investment of the assets and pays an income to you, your designated beneficiaries, or both. Income payments continue for the beneficiary's life or, in some cases, for a term of up to 20 years.
After that period, the assets remaining from your gift go to Stanford to support the educational, research, or patient care program of your choosing in your name or in the name of someone you wish to honor.
Charitable remainder trusts and charitable gift annuities are examples of life income gifts.
There are many reasons to make a life income gift. You may want to make a gift to Stanford University, but feel you do not want to part with the income that you receive from the asset you wish to give to Stanford. Or you may want to take an asset that is not providing you much income and give it to Stanford using an arrangement that will provide you (or someone you name) with more cash flow than you had before. By making a life income gift, you can support Stanford while providing ongoing benefit to yourself or others.
To learn more about the process of making a life income gift to Stanford - including the tax advantages that such a gift may offer - please visit our main Life Income Gifts website or Contact Us.
