Gifts that Pay You
Can you give me an example of a charitable gift annuity, a gift that pays me?
Yes, but let us explain first how charitable gift annuities work generally.
A charitable gift annuity provides you with:
-Guaranteed fixed payments for life -An immediate income tax deduction -Partially tax-free payments and capital gains bypass -The satisfaction of making a gift to SFPA Here is an example:
Mary Richards, age 75, funds a $10,000 charitable gift annuity contract to benefit the San Francisco Parks Alliance. Her annuity payment is 5.8% of her gift, giving her an annual guaranteed payment for life of $580. $469 of her payment is tax-free for eleven years. She also receives an immediate income tax deduction of $4,186.
A gift annuity is simple to create. You must be at least 60 when the payments begin and your annuity must be created with an amount of at least $10,000. To find out your tax and payment benefits, call our planned giving specialist Phil Murphy at 415.457.7482 or firstname.lastname@example.org for a confidential gift annuity analysis with no obligation.