The Charitable Gift Annuity

Example: Celia (age 80) learned that by funding a charitable gift annuity she could lock in a 7.6% payout rate for the rest of her life. By making a $20,000 cash contribution she now receives $1,520 from The Salvation Army every year. Moreover, $1,252 of her payment is tax-free until she reaches her life expectancy and she received an income tax charitable deduction of $8,222 in the year she made her gift. Celia is so happy with this win/win arrangement she is thinking about setting up another charitable gift annuity next year.

The Salvation Army’s gift planning staff will be happy to prepare a personalized illustration showing how a charitable gift annuity may work in your particular situation. The illustration will show both the projected income stream and tax savings you can expect. The benefits are worth exploring and you can do so without obligation.

It’s nice to know you can make a difference in the lives of others while also making a difference in your own. For more information, please call 800-859-5066 or send us an email at nwlegacy@usw.salvationarmy.org.

Is a Gift Annuity right for you?

If you can identify with any of the following statements, you may want to consider a charitable gift annuity:

• You have a modest amount of cash or property to give, but you want to make a significant gift.

• You want a significant income tax deduction this year.

• You would like to receive secure payments for life.

• You prefer fixed payments that are immune from the volatility of the stock market.

• You wish to give a friend or family member payments for life.

• You would like to spread out the capital gains tax over your life, rather than paying it immediately in a lump sum.

• You wish to receive tax benefits now, but delay your payments until retirement.