Charitable Gift Annuity
A charitable gift annuity gives you a current income tax deduction, lets you avoid some capital gains taxes, and pays you as much as 11.3 percent (depending on age, the older the better), guaranteed for your lifetime. Part of the payment is shelter from taxation, giving you more to spend. FaithTrust Institute benefits after you no longer need the payments.
- Can provide an excellent cash flow.
- Entitles you to a partial income tax deduction in the year the gift is made.
- A portion of the annuity payments made to one or two named income beneficiaries will be tax free.
- If long-term appreciated property is contributed, tax on the gain is reduced.
For more information, contact Jane Fredricksen, Executive Director, at 206-634-1903 ext. 25 or email@example.com.