An online-based device facilitates the estimation of mounted funds obtained in alternate for a charitable contribution. For instance, a person contemplating donating a lump sum to a non-profit group can use this device to mission the potential annual revenue stream generated by that donation. The device usually requires inputs such because the donor’s age, the quantity of the contribution, and the relevant payout fee.
This estimation course of empowers knowledgeable philanthropic decision-making. Donors can assess the monetary implications of their generosity, balancing charitable objectives with private monetary wants. Traditionally, calculating these funds required complicated actuarial tables and guide calculations. Fashionable instruments automate this course of, making it readily accessible and enabling larger transparency in charitable giving.