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IS IT TRUE? DOES A CHARITABLE GIFT ANNUITY DELIVER STEADY PAYMENTS FOR LIFE?

Posted by Eskaton on Nov 29, 2016 7:39:29 PM

Yes, it’s true!

Eskaton Village Carmichael resident Richard Hayden said it best, “It’s not only a smart investment, but it’s beneficial as well.” Richard has two Charitable Gift Annuities. Once he experienced the benefit of the first one, the next year, he decided to do another.

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Richard Hayden has proudly donated two Charitable Gift Annuities to Eskaton Foundation.

When you create a Charitable Gift Annuity, you receive regular payments and further our mission. You can also receive a variety of tax benefits, including a federal income tax charitable deduction.

A Case Study of Benefits
Linda, 75, donated a $10,000 certificate of deposit to our organization. Because she needed ongoing income, she decided to give the cash in exchange for a Charitable Gift Annuity. Eskaton Foundation issued a rate of 5.8 percent or $580 per year.

Linda earned a tax deduction of $4,626. This is the gift portion of the $10,000 donation. Tax benefits vary based on the donor’s financial situation.

To learn more about the benefits of establishing a Charitable Gift Annuity with Eskaton Foundation, please contact us.

 

Topics: Philanthropy