Any Way You Look At It… It’s A Win-Win Proposition!

The Charitable Gift Annuity is a perfect example of how our tax laws continue to provide special ways for you to accomplish two objectives with one asset. The Gift Annuity makes it possible for you to receive high returns on an asset for the rest of your life, and make a lasting charitable contribution!

 
Imagine making a gift to Little Company of Mary Community Health Foundation and then opening the mail a few months later and finding a check from Little Company of Mary made out to YOU!

Here Is How It Works…

Mrs. Gilroy is 75 years old and volunteers at Little Company of Mary Hospital. After reviewing the information provided by the Director of Planned Giving, and consulting with her advisor, she writes a check for $25,000 to Little Company of Mary Community Health Foundation indicating she wants a gift annuity with payments on a quarterly basis.

According to the gift annuity rates recommended by the American Council on Gift Annuities, Mrs. Gilroy’s age entitles her to receive a quarterly check in the amount of $493.75. This represents an annual annuity rate of 7.9%.

In addition to receiving regular fixed payments (partially tax-free) for the rest of her life, Mrs. Gilroy will also receive a charitable income tax deduction the year of the gift.

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