1. You irrevocably transfer cash, securities, or other property to [pgm_charshort].
2. You receive a generous income tax deduction. If you give securities or other property that have grown in value, you also save capital gains tax.
3. [pgm_charshort] pays a fixed amount each year to you or to anyone you name for life. [pgm_whenpaymentsstart] The older the recipients and the longer [pgm_paymenttiming] the larger the payments. Typically, a portion of these payments is tax-free for many years.
4. When the [pgm_lcgifttype] ends, its remaining principal passes to [pgm_charshort]. You may designate how we use these funds.

This diagram shows the benefits if you give [pgm_propertydescription] to [pgm_charshort] in exchange for a [pgm_lcgifttype] that makes payments each year, starting on [pgm_paymentdescription] [pgm_duration].

In addition to providing generous support to [pgm_charshort], these benefits include a [pgm_ded] income tax charitable [pgm_capgainbenefit] [pgm_income] in payments each year for life, starting in [pgm_paymentstartyear].  Even better, [pgm_taxfree] of each year’s payments will be tax-free for the first [pgm_tfyears] years.