TRANSFER cash or securities to the National Gift Annuity Foundation. Our minimum gift requirement is $20,000.
PROVIDE a range of possible starting dates for the annuity payments to begin. Each date offers progressively higher payment rates.
RECEIVE a charitable tax deduction and potential savings in capital gains and estate tax
COLLECT life-time fixed payments for 1) you, 2) you and a your spouse, or 3) any two beneficiaries you name. Note: beneficiaries must be at least 55 years old.
SUPPORT your recommended charity(ies) with the final residuum balance via NGAF.
Features & Benefits
Even if you do not have a set retirement date, you can create a gift annuity with a flexible start date.
The contract includes a range of possible annuity start dates, and each date will offer you progressively higher payment rates. Your charitable deduction will be an amount that corresponds to the earliest possible start date.
Deferral of payments yields a higher annuity rate and generates a larger income tax charitable deduction. The longer payments are deferred, the higher the annuity rate and deduction.
The annuity payment taxation is treated as part ordinary income, part capital gain income and/or part tax-free income, depending on the assets used to create the annuity.
Payments are typically much higher than the return on low-earning savings accounts and CDs or low-dividend stock.
You will have created a meaningful gift for the charities you choose to support while providing income for yourself and/or beneficiaries.