Life Income Gifts: Key Characteristics

All life-income gifts share a set of key characteristics.

Which of the following are true?

Life Income Gifts are all subject to both Federal and state laws.
Life Income Gifts are guaranteed by your organization.
The donor is entitled to a current income tax deduction in the year the Life Income Gift is created for a calculated amount and not for the full face amount placed in the agreement.
Life Income Gifts are irrevocable once the contribution has been made.
Life Income Gifts may only be made during the life of the donor.