The Charitable Gift Annuity is a perfect example of how our tax laws continue to provide special ways for you to accomplish two objectives with one asset. In fact, a close look at the Gift Annuity reveals a true win-win opportunity.
The Gift Annuity makes it possible for you to receive high returns on an asset for the rest of your life. (Sample rates are listed below.)
But the rates only tell half the story. The Gift Annuity ultimately results in a charitable contribution. So, while you can take steps to secure a high annuity payment for the rest of your life, you can also realize philanthropic goals.
We’ll send you a Charitable Gift Annuity Agreement in exchange for your contribution (check, stock or bonds). Each year for the rest of your life we’ll mail payments to you. (The agreement can also run for the lives of both you and your spouse.)
A Gift Annuity is a contract and payments are backed by all the assets of the Charity. So, you can be confident that the Gift Annuity will provide the income you count on.
In addition, two tax benefits add value to the Gift Annuity. First, you’ll receive a current income tax deduction – something you’ll appreciate when you file this year’s tax return. And second, part of each annuity payment we make to you is tax free!
Once established, income payments are made for life. Annuity rates – the rates for payments made to you – are based on age.
With high payment rates, reduced taxes, and an ultimate gift to charity, it’s easy to see why so many consider the Gift Annuity to be the ultimate win-win opportunity!
These rates are just one reason the Charitable Gift Annuity is a win-win opportunity!
Age
Rate
65 6.0 % 70 6.5 % 75 7.1 % 80 8.0 % 85 9.5 % 90+ 11.3 %
Age
Rate
65 5.8 % 70 6.0 % 75 6.3 % 80 7.0 % 85 8.0 % 90 9.3 % 95+ 11.1 %
