Giving Pays Dividends

Like all gifts to the Community Foundation, a charitable gift annuity is managed under the watchful eye of our Investment Committee. The only difference is that you, or one or two persons you name, receive fixed payments every year over your lifetime. It starts with your gift of cash, securuities or other assets and is backed by our outstanding reputation. That amounts to reliable payments that continue no matter how long you live and no matter what happens to financial markets.  Once your payments end, the remainder of your gift transfers into the Community Foundation Administrative Endowment where it supports our mission in perpetuity.

Fast Facts : Charitable Gift Annuity

How does the Community Foundation determine its annuity rates?
We adhere to rates set by the American Council on Gift Annuities, an independent nonprofit organization that recommends charitable gift annuity rates for use by charities nationwide.
What tax benefits come with a charitable gift annuity?
These gifts provide an immediate income tax deduction for the value of your gift, reduce capital gain taxes if established with appreciated assets and provide potential estate tax saving. Additionally, the ongoing payments are partially tax free for many years.
How many annuitants may receive payments on a gift annuity?
A gift annuity can be based on one life alone, or two lives (husband and wife, for example). The annuity rate for two beneficiaries is always lower than for any single annuitant.
What assets should a donor use to fund a gift annuity?
Donors may use cash or securities (stocks, bonds or mutual funds) or a combination of both. Donating appreciated stock offers favorable capital gains treatment.
What is the minimum age and minimum amount for a gift annuity?
The minimum age for a gift annuity is 65. The minimum gift amount is $10,000. However, donors who are at least 55 years old may use a plan called the deferred charitable gift annuity.
When will the annuitant(s) begin to receive gift annuity payments?
"Immediate" annuities begin payments in the quarter or year they are established, while a "Deferred" annuity begins in a future year that you select, which can be appealing for those still working regularly.