A Charitable Gift Annuity allows you to transfer an irrevocable gift of cash or securities to AE911Truth in exchange for a fixed income payment for life. This gift plan also entitles you to an immediate charitable income tax deduction. At the end of its term, the Charitable Gift Annuity balance goes to AE911Truth to support our mission.
How it Works
- You transfer cash or securities to AE911Truth. Our minimum for new gift annuities is $20,000.
- AE911Truth pays you, yourself and a spouse, or any two beneficiaries you name, fixed income for life.
- Beneficiaries are recommended to be at least 65 years of age at the time of the gift.
- The remaining balance will be applied by AE911Truth to the purpose you stipulated when you signed the annuity contract.
- Receive dependable, fixed income for life in return for your gift.
- In many cases, receive payments at a rate higher than the interest you are currently receiving from stocks, CDs, or savings accounts.
- Receive an immediate income tax deduction for a portion of your gift.
- A portion of your annuity payment will be tax-free.
Is this gift right for you?
A gift annuity is for you if…
- You want to make a significant gift to us and receive lifetime payments in return.
- You want to maximize the payments you receive from your planned gift — and you want to lower your income tax on those payments.
- You want the security of payment amounts that won't fluctuate during your lifetime. (If you want income to vary with market conditions, consider a charitable remainder unitrust.)
- You also appreciate the safety of your payments being a general financial obligation of AE911Truth.
- You like the idea of supplemental income you can't outlive.
Of all the gifts that pay you back, the charitable gift annuity is the simplest, most affordable, and most popular. You make a gift to AE911Truth and in return, we agree to make fixed payments to you for life. The gift agreement is a simple contract between you and AE911Truth. Your payments become one of our general obligations, fully backed by all our assets, and will not fluctuate.
When the contract ends, we apply the balance of the gift annuity to the program you designated when you made your gift.
Gift annuities offer attractive tax benefits:
- You will receive a federal income tax deduction for a portion of your gift, based on the full value of the assets you contribute minus the present value of the life-income interest you retain.
- If you fund your charitable gift annuity with appreciated securities, naming yourself as beneficiary, no capital gains tax is due on the transfer. Only a portion of your capital gain will be reportable, and the tax will be spread over your annuity payments.
- Part of each annuity payment will be treated as tax-free return of your principal. This effectively increases the yield from your annuity over your life expectancy.
Your gift annuity can start payments once you have made your contribution (an immediate payment gift annuity).
Most Common Uses
- Supplement Income in Retirement — If you have already retired and want to want to increase the yield from low dividend stocks or other interest-bearing assets, a charitable gift annuity can provide you with guaranteed fixed income for life at a rate higher than most dividends, CDs or savings accounts. Best of all, when the annuity matures, you support our mission.
- Income to Aging Parents — Many members of the "sandwich" generation face the difficult task of caring for children at the same time they are providing help and support for aging parents. Frequently these parents do not want to take money from their children, causing them financial hardship. A charitable gift annuity with us can provide payments or direct deposit to your aging parent or parents now and a gift to us later, all while providing you with both peace of mind and an income tax deduction.
Please contact us if you have already included AE911Truth in your estate planning or if you are considering doing so. Our federal tax I.D. number is 26-1532493. You may want to download a copy of our confirmation of IRS tax-exempt status.