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A Charitable Gift Annuity is a simple contract between you and the Center that allows you to donate cash or securities and receive fixed annual payments for life. You will also be eligible for a federal income tax deduction in the year you make your gift.
The minimum donation to establish a Charitable Gift Annuity with the Center is $5,000. The amount of your annual payments is based on your date of birth and the amount you give to create the gift annuity.
You must be age 60 or older to establish an annuity with the Center, and payments begin right away. If you're 55 or older, you can benefit through a Deferred Charitable Gift Annuity by postponing your payments until a future time, such as retirement.
You can also create a Joint Charitable Gift Annuity with the Center naming yourself and someone else as annuitants. A joint annuity will guarantee payments throughout both lifetimes. The rates are slightly lower for two people.
If you are concerned about the instability of the stock market, consider funding a charitable gift annuity with appreciated securities. You will avoid the capital gain at the time you make your gift – although you will pay tax on the capital gain attributable to the right to receive the annuity payments ratably over your life expectancy – and benefit from the peace of mind of a stable income for life.
Let us design a personal benefits summary for you.
Contact us online and include your date of birth (or both dates of birth for a joint annuity). Please include the gift amount you're considering in the comment field.
We'll send you calculation sheets illustrating the annual payments you'll receive and your tax deductions. (If the gift is not cash, please include the cost basis and length of ownership of the securities.) You can also call us toll free at 1-888-414-7752.
If you would like an immediate online computation, use our complimentary gift calculator to determine your benefits.
We recommend that you consult with your attorney or tax advisor for the various tax benefits and restrictions that may apply to your specific situation. We are available to you and your advisors to answer questions or help arrange a planned gift to the Center. The Center's future programs depends on the partnerships we form today.
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