Charitable Gift Annuity
Are you looking for a secure source of fixed payments for now or your future? You may be tired of living at the mercy of the fluctuating stock and real estate markets. One solution is a charitable gift annuity.
A charitable gift annuity is a contract between you and Jewish Federation. In exchange for an irrevocable gift of cash or marketable securities, the Jewish Federation will pay you or a designee fixed payments for life. Contact us for information on our current payout rates.
• The fixed payment amount depends on your age.
• A portion of your income stream may even be tax free.
• You will receive a charitable deduction for the value of the remainder of the asset to Jewish Federation.
• If you fund your gift annuity with cash, a significant portion of the annuity payments will be tax free.
• You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.
If you desire current payments, you may transfer property in exchange for fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Jewish Federation.
Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. You can establish a deferred gift annuity, receive a charitable income tax deduction in the year you make your gift and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current gift annuity.
Contact us about flexible date options for your future payments.