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It’s the best time in a long time to consider the gift that pays you: a charitable gift annuity.
Payout rates went up again Jan. 1, 2024, and are higher than they have been in 16 years. Seize the moment by considering this amazing gift that provides you with stable, regular income—regardless of the economy.
After your lifetime, the remaining amount becomes part of your legacy at the CAMC Foundation, allowing us to thrive far into the future.
With a gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. You’ll receive reliable, predictable payments for your lifetime (and the lifetime of a loved one, if you choose).
Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,650, a rate of 6.6%.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Now calculate your benefits! Input a few details and see how a gift annuity can benefit you.
These rates are subject to change. Please contact us for a personalized illustration.
With this gift, you’ll also enjoy:
Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support our work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities. And if you have stocks that produce low-yield dividends, you may be able to increase your income.
If you are 70½ or older, you can make a one-time election for a qualified charitable distribution of up to $53,000 (without being taxed) from your IRA to fund a gift annuity. Special rules apply, so contact R. Bryan Cummings at 304-388-9866 or robert.cummings@camc.org for more details.
We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a gift annuity. Your personalized calculation will include your potential income tax charitable deduction and our annual payments to you for life. Contact R. Bryan Cummings at 304-388-9866 or robert.cummings@camc.org to begin.
Input a few details and see how a gift annuity can benefit you.
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