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 for a confidential gift annuity analysis with no obligation.

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