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CHARITABLE GIFT ANNUITY
A charitable gift annuity is a contract between you and Anderson Animal Shelter in which the shelter will pay you, another person or two people a defined monthly benefit for life based on certain calculations and the amount of your total gift. The minimum amount required to initiate this type of annuity is $10,000. Use the gift annuity calculator to receive a general idea of what your benefits might be. Exact benefits will need to be confirmed upon review and verification of all necessary details.
You are eligible for immediate benefits if you are 60 years old or older. You do have the ability to defer payments, if so desired, which makes this type of gift an excellent choice for retirement planning. Your gift can be made with cash or any marketable securities.
You can create a Deferred Payment Charitable Gift Annuity at age 50. Your annuity payments will still start at age 60. You do have the ability at age 60 to defer your benefit payments up to one year.
You, as the donor, are eligible to receive any and all tax benefits for the year in which the gift is made.
Your gift to Anderson Animal Shelter is an irrevocable gift which becomes the shelter’s asset. Payments made to you by Anderson Animal Shelter become their general and legal obligation. Anderson Animal Shelter backs the annuity and invests the gift according to acceptable disciplined and conservative financial standards.
A portion of each payment that you receive is tax free for a number of years. There are additional advantages if the annuity is funded with appreciable securities rather than cash. Please consult your advisors to fully understand the best method for you.
This type of plan allows you to make a significant gift to Anderson Animal Shelter for your immediate benefit and for its long term benefit.
ESTATE & PLANNED GIVING INQUIRIES
Susan Lyons, Director of Major Gifts and Planned Giving