Charitable Gift Annuities

A charitable gift annuity is a great way to supplement your income, reduce taxes, and support BBBSA.  If you are age 60 or older, you can provide yourself with high, fixed payments for life with a “charitable gift annuity.”  You make a current, partially tax-deductible gift of cash or stock and receive payments for life, regardless of the market, economy, or interest rates, all while supporting BBBSA.

When you establish a gift annuity, your gift will provide:

  • A charitable income tax deduction (for the present value of the charitable gift)
  • Fixed lifetime payments to you and/or another individual based on the age(s) of the recipient(s)
  • Capital gain tax savings when you use appreciated securities to fund your gift
  • Support for the purpose you designate when payments end

 

Charitable Gift Annuity Rates*

One LifeTwo Lives
AgeFixed RateAgeFixed Rate
604.4%60 & 603.9%
654.7%65 & 654.2%
705.1%70 & 704.6%
755.8%75 & 755.0%
806.8%80 & 805.7%
857.8%85 & 856.7%
909.0%90 & 908.2%

*Rates are subject to change

 

 

Sample $25,000 Gift Charitable Gift Annuity

 One LifeOne LifeTwo Lives
Age728075 & 75
Annuity Payment Rate5.4%6.8%5.0%
Charitable Deduction$10,377$12,413$9,484
Annual Payout*$1,008$1,700$1,250

*A portion of the payment is usually tax free

 

5 Benefits of Establishing a Charitable Gift Annuity Before Year-End

  1. Income tax deduction
  2. Fixed lifetime payments
  3. Partial tax-free payments
  4. Capital gain tax savings when you use appreciated securities to fund your gift
  5. Gift to support BBBSA

Please contact us at (813)720-8778 or at donations@bbbsa.org if you have a question regarding your planned gift.

* Legal Notice:  This information is not intended as tax or legal advice. For more information about estate planning and making a planned gift to Big Brothers Big Sisters of America, we encourage you to consult with your legal and financial advisors. Laws and regulations governing all gifts and availability of certain life income gifts vary by state.