Doing Good and Doing Well
Employing reverse mortgages and gift annuities can help planned-giving officers guide elderly donors into mutually beneficial arrangements.
* Both offer a variety of payout options. RMs can disburse a lump sum or periodic payments. GAs can be contracted as immediate or deferred, one life or two, and in monthly, quarterly or annual payments.
* Both enjoy tax-favored status. RMs are mortgages; they are loans. Loan proceeds are not taxed as income. GAs have a built-in charitable component that drives some tax benefits.
- People:
- Steffan F. Cress
- Places:
- Tampa, Fla.
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