Payment rates have increased recently, making this a great time to consider a charitable gift annuity.
How Do Charitable Gift Annuities Work?
- You donate cash or securities worth $10,000 or more to Special Olympics and receive payments for life in return. Your gift will be used to support Special Olympics’ athletes of the future.
- Your payment rate is based on your age, and will never change, no matter how long you live or how the market fluctuates. Payments must start at age 65 or later.
- You can fund your annuity with appreciated securities, and you may avoid capital gains tax.
More Ways You Benefit
- Gift annuities can benefit up to two people, making them an ideal way to provide financial security for a spouse or other loved one.
- If you don’t need the income immediately, you can schedule payments to begin at least one year after your donation. The longer the deferral period, the higher your payment rate.
- Payment rates have increased recently, making this a great time to consider a charitable gift annuity.
A New Way to Fund a One-Time Charitable Gift Annuity:
Supporters age 70.5 or older may take a one-time qualified charitable distribution (QCD) from their IRA to fund a charitable gift annuity. There are a few differences between annuities funded with a QCD and those funded with cash or appreciated securities. Please contact us to learn more about this giving opportunity.
My charitable gift annuity is a win-win gift: Special Olympics receives a contribution for its future use, and I receive a yearly “bonus check” for my contribution. I receive a great deal of self-satisfaction when I make a contribution to such a compassionate, deserving organization as Special Olympics.
Ted Schriefer, member of The Champion’s Society®