What is an endowment and why its the best way to leave a legacy?
We are able to shift from tax to charity.
We have two programs specifically created to do so as cleanly as possible.
Loan donated to charity in your name which gives write off of same amount. Interest due at the AFR to prevent negative tax implications. Currently varying between 2.5 and 3 percent. So at a 36 percent tax bracket it comes out to 7 to 8 percent of the return each year interest only all extra goes to principle.
Fund it Forever Equity takes your position in the loan when you give them the advanced payment of what you get back extra from the tax write off. The loan is written to be assumable and FIFE takes your position immidiately when you make the ach payment as is in the fife plan contract. You also select which charity will be the benificiary of the endowment within the contract.
Calculate Your FIF Plan Amount based on your Gross Income and your
Current Charitable Contributions