Looking for a way to make your generosity go further—while receiving fixed lifetime payments and valuable tax benefits? Charitable Gift Annuities (CGAs) offer highly competitive payment rates, bringing together the best of both worlds.
Many of the current rates are higher than they have been in nearly two decades, but they may not last into the second half of next year.
What does this mean? Now might be the best time to consider an irrevocable CGA with Special Olympics.
A charitable gift annuity is essentially a contract between you and Special Olympics. You donate cash, appreciated securities, or funds from your IRA (if eligible) to us, and in return, we promise to pay you (and/or another person a fixed amount annually for the rest of your/their life. Think of it as a gift that keeps on giving—to you and to the causes you care deeply about.
You must be age 65 or older to receive payments, and the minimum gift amount is $10,000.
Why the Buzz Around CGAs Now?
- Fixed Payments to You: Steady, reliable, fixed lifetime payments to you, no matter if the market fluctuates. You can depend on those funds during your retirement years.
- Higher Payment Rates: The rates are at an impressive 10.1% for an immediate payment gift annuity benefiting one person. Rates go even higher if you defer your payments, 1 – 5 or more years.
- Tax Advantages: You’ll qualify for an immediate tax deduction, and if you use appreciated securities to make your gift, you’ll avoid capital gains taxes.
- An Additional, Unique Opportunity: If you're over 70.5 years old, you can now make a one-time gift of up to $55,000 directly from your IRA to fund a gift annuity. This isn't just good news; it's great news for your tax planning—and for Special Olympics!
Benefits for You, A Brighter Future for All
When you opt for a CGA, you're not just securing your future; you're also helping us make a tangible impact on the lives of people with intellectual disabilities. Your contributions enable us to keep doing the crucial work that changes lives and communities for the better.
Ready to Learn More?
We understand that making financial decisions is serious business, and we're here to help. If you're curious about how a Charitable Gift Annuity could fit into your philanthropic and financial planning, let's chat. Our team is ready to provide you with all the information you need to make an informed decision.
If your heart is saying, "Yes, let's do some good," reach out to us, and together, we can turn your charitable goals into a legacy of inclusion and opportunity!
Ready to explore the possibilities? Contact us directly at plannedgiving@specialolympics.org or (866) 690–3951.
