Charitable Gift Annuity

Charitable Bequests

A gift annuity is an agreement between you and us. When a charitable gift annuity is in place, we agree to pay you fixed payments for your life (and/or the life of your chosen beneficiary). The amount of the annuity is based on the gift amount and age of the annuitant(s) at the time of the gift.

A gift annuity provides a number of very attractive benefits:

  • A gift annuity can be established with a modest contribution.
  • You can fund it with cash or marketable securities.
  • You can receive an immediate income tax charitable deduction for the gift (subject to AGI limitations), and
  • Potentially spread out any capital gains tax liability.

What's more, part of your annuity payment may be federal income tax-free for a certain number of years. As a donor, you can select the payment intervals (usually quarterly) and name the annuitant(s) - one or two persons.

Professionals and other highly compensated employees who frequently "max out" their annual retirement plan contributions because of restrictive rules and regulations may want to consider a deferred gift annuity strategy. Deferred gift annuities offer three important benefits:

  1. They can be used to supplement qualified retirement plan savings
  2. You receive a current income tax deduction now during your high income years
  3. You can postpone the start of annuity payments until later - usually after retirement begins.

Request more information about charitable gift annuities.