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LIFE INCOME GIFT
Stock paying you low dividends can be transferred to St. Barnabas while establishing a charitable remainder unitrust or charitable remainder annuity trust that would provide you with a 5% or greater annual return.
The income would be paid to you and/or a loved one for life, then the assets would be distributed outright to St. Barnabas. You increase your income, avoid capital gains taxes, and get an income tax deduction.
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