| Life Income And Other Gifts
A Charitable Gift Annuity is just what it sounds like: a charitable gift coupled with an annuity. In exchange for your contribution of cash or certain other assets (especially appreciated securities that don’t produce much income), the Community Foundation pays you – or any one or two persons you name – a fixed amount of money each year for life.
The older you are when the annuity begins, the larger the amount you receive. In keeping with the vast majority of charities that issue gift annuities, the rates offered by the Community Foundation are those suggested by the American Council on Gift Annuities.
Available for download:
 Charitable Gift Annuity Two Life Rates
Charitable Gift Annuity Sintle Life Rates
For instructions on how to download PDF file links, please click here.
In addition to contractually guaranteed payments that continue at the same level no matter how long you live and no matter what happens to financial markets, a Charitable Gift Annuity features some very attractive tax benefits:
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A significant income tax deduction |
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Typically, payments that are partially tax free for many years |
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Reduced capital gains tax when long-term appreciated assets are donated |
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Potential estate tax savings |
It is also possible to set up a Deferred Gift Annuity. You still receive a tax deduction when you make your contribution, but the payments don’t start until a future year that you select. Once the annuity does begin, the payments are larger than they would have been without the deferral period. This can be an appealing option if you are still working but want to secure tax-favored cash flow during your retirement years.
When the annuity payments end, what remains of your gift is used by the Community Foundation to establish a fund.
Life Income And Other Gifts
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