Make a Donation

A life income gift is a gift that pays the donor an income for life in exchange for assets. The following are examples of life income gifts:

Charitable Remainder Trusts

The charitable remainder trust pays the donor a lifetime income or income annually for a set number of years. Payments are determined at the time the trust is established, depending on the donor's needs and financial objectives. Upon termination of the trust, the principal is distributed to Hamilton-Madison House. The donor can claim a charitable deduction the year that he/she creates the trust. Annual payments are taxed as ordinary income, and in some cases as capital gain or tax-free return of principal.

Charitable Gift Annuity

In exchange for an irrevocable contribution of cash or securities, the donor and/or a second annuitant receives a generous, fixed rate of lifetime income, part of which is tax-free. The donor is also entitled to an income tax charitable deduction for part of the amount of the gift (usually about half). Capital gains on any appreciation of the gift asset are treated very favorably for tax purposes.

Please contact Illyse Kaplan, Director of Development, at 212-349-3724, ext. 313 or illyse@hmhonline.org for more information on how you can make a life income gift.