Planned Giving: Charitable Gift Annuity
A charitable gift annuity pays you, or a loved one, income for life and later provides funds for Manchester after the passing of all income beneficiaries.
A charitable gift annuity is funded with a gift of cash or appreciated stock and can pay lifetime income for up to two individuals. The payout rate depends on the age of those receiving payments, with older annuitants receiving higher rates.
Not only would you receive an income tax deduction in the year of the gift, but part of the income paid to you would be tax-free. In many cases, there are also capital gains and estate tax benefits.
For more information, contact:
Stephen Thomas, director of gift and estate planning