Charitable Gift Annuity
Are you looking for secure sources of fixed income today or in the future? If you are like many individuals who own appreciated securities and personal residences, you are tired of living at the mercy of the fluctuating stock and real estate markets. However, you recognize that if you sold your appreciated assets you would face a high capital gains tax.
There is a solution. A charitable gift annuity provides you with fixed income for life, avoids capital gains tax and leaves a lasting gift to our organization.
A charitable gift annuity is a contract between you and the Foundation. You can transfer your appreciated assets to us in exchange for our promise to pay you fixed income for life. The income can be quite high depending on your age, and a portion of your income stream may even be tax-free. Best of all, you will receive a charitable deduction for the value of your future gift, plus the satisfaction of contributing to our mission.
There are excellent options for establishing a charitable gift annuity. For current income, you may transfer property for a fixed income beginning as early as this year. Perhaps you are not ready to begin receiving income until a fixed retirement date. You can establish a deferred gift annuity, take your charitable deduction now and then plan to receive payments at a designated or flexible future retirement date.
If you are interested in one of these types of gifts please Contact Us.