Give AND receive with a Charitable Gift Annuity
by Sam Young
December 17, 2019
As we approach the end of the year, I want to reach out to you with another unique way to show your support for Compassion & Choices. By creating a Charitable Gift Annuity (CGA), with a simple contract, based upon your age, we will provide you with a secure, fixed, lifetime income with several tax advantages. All this while you support our efforts to expand end-of-life care and options for countless people in the future with your contribution. What could be better than that? The definition of a Win-Win!
We know that many of Compassion & Choices’ most passionate supporters are looking for ways to do more to support our shared goals while maintaining retirement security. A CGA is a strategic solution that pays you a secure, fixed, lifetime retirement income while providing tax savings. When you die, the remaining funds will continue to support Compassion & Choices’ mission. You can give and receive at the same time!
Some great tax benefits associated with a CGA:
- Tax-free income: A portion of each CGA payment is typically tax-free income.
- Income tax deduction: Donors may take a charitable tax deduction in the year they establish the CGA.
- Capital gains savings: If you use appreciated assets such as stocks, bonds, or mutual funds, you can achieve significant capital gains savings.
The American Council on Gift Annuities has recently announced a change in the suggested gift annuity rates effective January 1, 2020. Payout rates are decreasing in the new year, making this an ideal time to make your CGA in 2019.
A Charitable Gift Annuity is a unique way to support what you believe in while providing security for the rest of your life.
If you have any questions about how best to accomplish your planned giving goals, please contact me at 800.247.7421 x2152 or via email at [email protected]
Thanks for all you do in support of our shared mission,
Samuel B. Young, ESQ-LSW
Planned Giving Advisor
Compassion & Choices