Charitable Annuities?

From: Joel Elias <joelhe@geocities.com>
Subject: Charitable Annuities?
Date: Fri, 01 May 1998 17:32:20 -0400

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I have read that it is possible to set up charitable annuities so that one
receives payments for life, of which some part may be non-taxable, and some
or all of the amount paid in to the annuity is deductible from current
taxes. I was also told that one could fund such annuities with appreciated
assets and avoid capital gains taxes. This sounds like it could be a useful
retirement and estate planning tool for someone with no heirs and
reasonable current income. I would like to learn more about using such
annuities as a financial and estate planning tool. 

Can other persfiners point me to reliable information on this topic?
What major (i. e. expected to be around for a while) charities have such
programs?
Any cautions for one getting involved in charitable annuities?

Thanks in advance.
- ----------
Joel H. Elias
mailto:joelhe@geocities.com


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