—Forbes.com“Philanthropic advisers are trumpeting gift annuities as a win-win proposition. They let donors support their favorite causes and get a decent income stream in return.”
If you would like to receive a tax deduction while making a gift that pays you an income for life, consider a City of Hope charitable gift annuity.
Here is what may be the most concise explanation of gift annuities you will ever hear:
One of the reasons gift annuities are so popular is because they are so flexible. Here are the most common options:
The most common type of gift annuity. In exchange for your donation of $25,000 or more, City of Hope will make annual fixed payments to you for as long as you live starting when your gift annuity contract is signed.
If you have stock or mutual funds that you have held for more than a year and that have increased in value, you can use them to fund your gift annuity and you will bypass a significant portion of the capital gains tax. The remaining gain will be apportioned over several years of your annuity payments rather than being taxed all at once.
One of the great things about gift annuities is that they can be set up to benefit two people, making them an ideal tool to provide financial security for a spouse or other loved one.
If you don't need more income immediately, a "deferred gift annuity" might be right for you. The older you are when your payments begin, the higher your payment rate will be. You schedule the payments to begin when you will need them and enjoy a higher payment rate than with an annuity that pays you immediately.
Convert your real estate investment into a predictable income flow and realize capital gains and other tax benefits. Contact Amy Goldman at 800-232-3314 for details.
A charitable remainder unitrust with City of Hope can provide you and/or other beneficiaries with income for life or for a fixed number of years. For your donation, which can be appreciated securities or real estate, you receive an immediate income tax deduction for a portion of your contribution to the unitrust and savings on capital gains taxes, too. You will also have the satisfaction of making a significant gift that benefits you now and City of Hope later. With this type of gift you can:
Create your own planning information packet. Request Information »
To leave a gift to City of Hope, consider including this language:
I give [ __ percent of my estate, or description of asset, or ____ dollars] to City of Hope, a California nonprofit corporation, 1500 E. Duarte Road, Duarte, CA 91010 (City of Hope Tax ID 95-3435919), for its general use.