—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 low rates on other investments have you looking for a good way to supplement your retirement income — now or in the future — and at the same time you want to do more to help City of Hope, we invite you to discover the many benefits of 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.
The older you are, the higher your payment rate will be. If you are planning now for retirement and do not need more income immediately a "deferred" gift annuity" might be right for you. 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.
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. If you have low-yielding assets and you desire to:
then a charitable remainder trust (CRT) may be right for you.
Another CRT benefit is that along with traditional assets that can be donated to create the trust,, many less commonly considered assets may also be used. These include, but are not limited to, real estate, LLC, S corporation or other limited partnership interests and privately held C corporation stock.
For information about City of Hope’s
industry groups contact:
For information about legacy giving to City of Hope contact:
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.