A gift annuity, one of the most popular forms of life-income arrangements, offers many advantages. First and foremost, the payout rates for gift annuities are typically very attractive to people in their 70s, 80s and 90s. The rates generally range from 5-9%. If you are currently experiencing a low return on your CDs, money market accounts, treasury notes, or bond funds, a gift annuity can be a very nice option to consider!
Creating a gift annuity through Concordia University Foundation allows you to obtain a higher level of income while ultimately providing financial help to Concordia University Foundation as well. The payout rates are determined by a person’s age, and once established are fixed for life.
The donor also receives a generous income tax deduction for the year in which they create a gift annuity. Often the tax deduction is 20-50% of the amount that they placed into the annuity.
And finally, depending upon how the gift annuity is funded, the donor can enjoy a significant portion of the income they receive from a gift annuity on a tax-free basis.
There are many forms of gift annuities. Some offer an immediate payout option, while others allow the donor to fund the agreement and get an income tax deduction now, but delay the beginning of payments until some point in the future. The proceeds that remain from the gift annuity at your passing will become an outright gift to Concordia University Foundation and will be used to help (insert mission here).
Benefits of a gift annuity
- Low Cost
- Guaranteed, High Fixed Income For Life
- Payments Guaranteed by Concordia University Foundation
- Handsome Income Tax Deduction
- Partial Tax-Free Income
- Bypass of Initial Capital Gains Tax on the Sale of Appreciated Assets
- Possible Estate Tax Savings
If you are interested in learning more about gift annuities, contact us at email@example.com . A confidential illustration can be prepared specifically for you, which will reveal what your payout rate would be, how large your income tax deduction amount would be, and what portion of your payments would be tax-free. There is no cost or obligation to inquire!