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Act Now! Take Advantage of Higher Gift Annuity Payout Rates
Effective Jan. 1, 2012, the suggested rates from the American Council on Gift Annuities will decrease because of current economic conditions. Therefore, if you are considering this type of charitable gift, you can receive higher lifetime payments if you complete your gift before Jan. 1, 2012. See the charts below for the current and new rates.
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*Please be advised that not all organizations offer CGAs at the above ages and rates. Contact Gonzaga University for current rates. |
Charitable gift annuities are made to charitable organizations and are created by a simple contract between you and our organization. They can usually be completed in a couple of days.
Lifetime Payments
The charitable gift annuity generates fixed payments to you (and/or someone you designate) for life and ensures a significant gift to us at your death. The amount you'll receive is determined by the amount you contribute and your age at the time of your contribution. For example, the older you are at the outset, the higher your fixed rate. After your lifetime (and/or that of the person you chose), we are able to use the remainder of your gift for our most pressing needs.
Your Tax Benefits
You may create a charitable gift annuity with a gift of cash, marketable securities or, in some cases, other property. Because we are a charitable organization, gifts made in exchange for a gift annuity are eligible for a charitable income tax deduction for a portion of the amount contributed in the year the gift annuity is created if you itemize.
Contact Us
To benefit from the higher rates in effect now through Dec. 31, 2011, contact us at 800-388-0881 or plannedgiving@gonzaga.edu today.
Copyright © The Stelter Company, All rights reserved.
The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.
