Doing Good and Doing Well
Employing reverse mortgages and gift annuities can help planned-giving officers guide elderly donors into mutually beneficial arrangements.
* Both have regulatory oversight. More than 90 percent of RMs are government-insured. GAs are governed by the American Council on Gift Annuities.
* Both can benefit others beside the client/donor. The income stream from a GA could support a local church or synagogue, or pay for a grandchild’s day care. A GA can be deferred to benefit another annuitant at a later date. Without a RM, this might not have been possible.
- People:
- Steffan F. Cress
- Places:
- Tampa, Fla.
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