Charitable Gift Annuity
Our Charitable Gift Annuities give you a way to provide for your own - and your family's - financial future with a dependable, guaranteed lifetime income. Charitable Gift Annuities typically enjoy a higher rate of return than most conservative investments. And a Charitable Gift Annuity is never subject to market fluctuations. You'll know exactly what you will receive. Plus, part of your income can be tax-free!
Gift Annuities offer you significant benefits:
- A new source of lifetime income, some of it tax-free.
- Guaranteed security and high return.
- A charitable income tax deduction that you can take this year.
- A partial savings on capital gains tax if you give appreciated stock or other assets.
- Reduced estate taxes and probate costs.
- A larger charitable gift than you may have thought you could afford.
The Charitable Gift Annuity is a simple contract providing for the Foundation's payment to the donor (and an optional second beneficiary) of a fixed income for life in return for a contribution. The gift annuity offers donors the assurance of an income that will not fluctuate, a modest minimum gift of $10,000 and payments that are secured by all the assets of the Foundation.
As an additional tax benefit, part of each income payment to you from the gift will be treated as the tax-free return of principal. In addition, if you funded your gift annuity with appreciated securities, a further portion of your income will be taxed at capital gains rates (20%).
These tax reductions increase the effective yield of the gift annuity, and they are not available with other types of life-income gifts. (The IRS provides that these benefits are in effect during your life expectancy - if you live longer, the entire gift annuity payment will be taxed to you as ordinary income.)
The following questions and answers may help you better understand this financial planning vehicle.
More Information
For more information on Gift Annuities, contact us via email or by calling us directly at (800) 780-0325. We will gather some basic information and will then prepare a personalized proposal that will show you the specific benefits for you with our gift annuity. If you like what you see, we can complete your agreement so quickly that you can begin receiving your annuity payments faster than you thought possible! You can receive more information on planned giving options by visiting the planned giving section of our website