A life income gift allows you to give assets to organizations while providing yourself or others with income for a period of time before the organization is permitted to use your gift.
You have the option to offer a life income gift by designated trustee with securities, cash, or other assets.
These assets are then managed and invested by the trustee, who in turn provides an income to you, your chosen beneficiaries, or both. This income distribution can last for the beneficiaries' lifetime or, in certain situations, for a period extending up to 20 years.