CHARITABLE GIFT ANNUITIESCHARITABLE GIFT ANNUITIES

A gift annuity is a simple written agreement that allows you to make a gift of cash and/or securities to the Foundation and receive guaranteed payments for life and a charitable deduction.
  • Your gift can be cash or appreciated publicly traded securities.
  • A portion of the payments is typically tax-free
  • If you make a gift of appreciated securities, you will recognize only a portion of the capital gain over a period of time.
  • The income payments from gift annuities can begin immediately or be deferred. The minimum age for a gift annuity is typically 50, but it can be lower for deferred gift annuities with payments beginning after age 50.
  • The payment you receive is fixed and the amount is based on life expectancy and other factors.
  • Payments are guaranteed based on the full faith and credit of the Foundation.

One Donor's Story

The Donor

An 81-year-old Minnesota woman wanted to increase her income and benefit charity.

Her Gift

  • She made a gift of $10,000 to create a gift annuity.
  • She received a charitable deduction of 4,600.*
  • She receives $830/year for life (8.3%), of which $552 of each annual payment is tax-free for 8.8 years.
At her death, the gift will benefit her church’s endowment fund at the Foundation.

*Payout rates, charitable deductions and other benefits vary based on a number of factors.