Charitable Gift Annuity
You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.
Benefits of a charitable gift annuity
- You may receive fixed payments to you and another annuitant you designate for life
- You may receive a charitable income tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Further the charitable work of LifeSpan with your gift
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to support LifeSpan.
- You transfer cash or securities to LifeSpan.
- In exchange, we promise to pay fixed payments to named annuitant(s) for their lifetime. A portion of each payment may even be tax-free.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- You also receive satisfaction, knowing that you will be helping further our mission.
- Mininum gift amount is $10,000; minimum age is 60.
If you decide to fund your gift annuity with cash, a portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and you could avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.