Charitable Gift Annuities


" The generous will be blessed."
From Proverbs 22:9 A way to take care of your financial future...
as you give to others.
  • 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.

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 Here's how our Gift Annuity Program works:

In exchange for your gift of cash, appreciated stock or other assets, we'll give you an annuity contract which guarantees you a fixed income for the rest of your life or the lives of both you and your spouse (or another beneficiary you designate).

Rates Effective July 1, 2010
Approved by the American Council on Gift Annuities on April 28, 2010
Suggested Charitable Gift Annuity Rates

Single Life

Age

Rate

 

Age

Rate

 

Age

Rate

0-5

3.1

48-49

4.7

 

75

6.4

6-11

3.2

50

4.8

 

76

6.5

12-16

3.3

51-53

4.9

 

77

6.7

17-20

3.4

54-56

5.0

 

78

6.8

21-25

3.5

57-58

5.1

 

79

7.0

26-29

3.6

59-61

5.2

 

80

7.2

30-31

3.7

62-63

5.3

 

81

7.4

32-33

3.8

64

5.4

 

82

7.5

34-36

3.9

65-66

5.5

 

83

7.7

37-38

4.0

67

5.6

 

84

7.9

39-40

4.1

68

5.7

 

85

8.1

41

4.2

69-70

5.8

 

86

8.3

42-43

4.3

71

5.9

 

87

8.6

44-45

4.4

72

6.0

 

88

8.9

46

4.5

73

6.1

 

89

9.2

47

4.6

74

6.3

 

90 & over

9.5

NOTES:

1. The rates are for ages at the nearest birthday.

2. For immediate gift annuities, these rates will result in a charitable deduction of more than 10% if the CMFR is 3.2% or higher, whatever the payment frequency. If the CMFR is less than 3.2%, the deduction will be less than 10% when annuitants are below certain ages.

3. For deferred gift annuities with longer deferral periods, the rates may not pass the 10% test when the CMFR is low.

4. To avoid adverse tax consequences, the charity should reduce the gift annuity rate to whatever level is necessary to generate a charitable deduction in excess of 10%.


Capital Gains Tax Savings

When you fund a Gift Annuity with appreciated stock or other assets (before the sale), current tax law allows you to avoid much of the capital gains tax you would pay if you sold the asset yourself. In addition, any remaining capital gain that you incur is spread over the remaining years of your life, thereby reducing today's tax liability. Your annuity payment is based on the value of the stock or other assets on the day you transfer ownership to us.

Charitable Income Tax Deduction

An important distinction between a Charitable Gift Annuity and a commercial annuity is that a Charitable Gift Annuity assumes that at the end of your life (lives) a minimum of 50% of your original contribution will be available as a charitable gift to support our mission.

As a result, the IRS allows a portion of every dollar that you contribute today to be income tax deductible this year.

Reduce Estate Taxes and Costs

The assets you use to create your Gift Annuity with us are no longer considered property in your taxable estate. Therefore, whatever you put into the Gift Annuity will not be subject to estate taxes or probate.

A Larger Gift Than You Thought You Could Give

Most of us make charitable gifts from our income each year and consequently are limited in how large a gift we can afford to make. Many people dream of making a major gift, but simply cannot afford it out of their income resources. Our Charitable Gift Annuity enables our donors to make gifts of their assets, rather than their income. And, since they receive an increased income as a result, they are able to improve their standard of living while giving the major gift they have always dreamed of.

Tax-Free Payments

A portion of each of your annuity payments is "return of principal" and therefore is not taxed as income to you...it is essentially "tax-free!" This unique feature serves as a multiplier for your return rate and gives you an even larger "effective rate of return" than the published rates.
Here's what we can do for you!

In less than one minute, you can give us the information we need to prepare a personalized Gift Annuity proposal designed especially for you. There is no cost or obligation, and your inquiry will be treated in complete confidence. Our services are also free. Just call us!

As soon as we have your information, we will prepare a