Yes! There are ways to give that can provide you with income for life or another specified period of time you choose. You can then make a charitable gift of assets that remain when you no longer need the payments. Income tax deductions are allowed for such gifts when completed during your lifetime.

If you fund income gifts with securities that have increased in value over the years, you may reduce and/or delay capital gains tax that would be due had you sold the assets. It can also be possible to receive payments that are free of tax or taxed at lower rates than other income. You also enjoy the satisfaction of making a thoughtful charitable gift in a way that preserves, or perhaps enhances, your financial well-being or that of your loved ones.