Did you know that you could make a gift that may provide you with a steady income for the remainder of your life?
A charitable gift annuity is a gift that provides a fixed, annual income payment to you or a beneficiary for life, after which it permanently adds to the SPCO’s endowment. After making your gift, the SPCO makes fixed, semi-annual payments to you, the amount of which never fluctuates and is not dependent upon the SPCO’s investment of the gift. This is a wonderful way to make a significant gift to the SPCO while receiving a stable stream of income for the remainder of your life.
Here is an example of how a charitable gift annuity works:
Mr. and Mrs. Schumann, ages 65 and 62, contribute $15,000 to establish a Charitable Gift Annuity.
- The SPCO receives a significant gift
- The Schumanns receive an immediate tax deduction of $3,723
- They receive semi-annual payments totaling $615 per year for the rest of their lives.
(These calculations are for illustration purposes only.)
For more information on Charitable Gift Annuities or to receive a sample projection at no obligation, please contact Christopher Bineham, Assistant Director for Individual Giving, at email@example.com or 651.292.6995.