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Gifts That Pay You Income

Contributing to Rush with a life income plan allows you to support our efforts in a meaningful way, while still taking care of you and your family.

Advantages for you and your family

  • Realize immediate tax benefits
  • Get value out of assets you no longer need
  • Earn income while also supporting Rush

Read on: A life income plan was among the best investments a Rush alumnus made: “I only bet on sure things.”

Types of life income plans

  • Charitable gift annuity — the simplest and most popular life income plan
    Make a gift of cash or approved property, and Rush guarantees a stream of payments to you or your beneficiary for life. You also receive a charitable tax deduction and a portion of your payments will be tax free.
  • Charitable remainder trust — flexibility in estate and financial planning with significant tax benefits
    You transfer assets to a trust for Rush, where Rush is the ultimate beneficiary. You and your beneficiaries receive an income stream for life or a set period of time. When the trust period ends, the remaining principal will go to support Rush.
  • Retained life estate — enjoy tax benefits while continuing to use your property
    You donate real estate to Rush and reside there as long as you live. Your gift generates current tax savings for you and your estate will not be burdened by having to sell the property when it is no longer used.

To learn more about planned giving options at Rush contact Susan Sasvari, senior director of gift planning, at (312) 942-3691 or susan_sasvari@rush.edu.

Looking for other ways to give to Rush?