April 2016

Do you have questions about estate planning? Planned giving? Your will? Each month, we feature new articles and interactive features. We also share news about the charitable endowments under the umbrella of Hindu Heritage Endowment.

Grants from the Iraivan Temple Endowment, fund #2, has as its first priority to maintain the Iraivan Temple, the samadhi shrine of the temple's founder, Satguru Sivaya Subramuniyaswami, and the other shrines as well as payment of priests. Its second priority is to maintain the gardens and grounds of the current 70 acres, plus any subsequent connecting or nearby lands. Read more..."

Charitable Gift Annuities Q&A

If you would like to make a donation to Hindu Heritage Endowment and are interested in supplementing your income during retirement, consider a charitable gift annuity.

A. It’s a contract with Hindu Heritage Endowment in which:

• You agree to make an irrevocable donation to Hindu Heritage Endowment.
• Hindu Heritage Endowment agrees to make fixed payments to you each year for your lifetime. (You can have the payments benefit others, too, such as your spouse.)
• The portion of your gift that remains at your death helps support our mission.

A. It’s a gift that:

• Enables you to meet your charitable goals.
• Provides you with tax-favored lifetime payments.
• Offers immediate income tax savings (when you itemize).

If you are retired and depend on stock dividends for income, consider funding a gift annuity with those stocks. That way, you’ll still receive income from the assets—in many cases, in higher amounts.

A. The rate of payment is determined by the ages of those receiving payments at the time of the contribution – the older the recipients, the higher the rate. Payment rates are locked in for the duration of the gift annuity.