Would you like to see what a charitable gift annuity looks like for you, including annuity rate and charitable deduction? Simply click here and enter the gift amount you are considering and the ages of the beneficiaries (age 50 and older) into our gift calculator.
A charitable gift annuity, governed by a simple contract, provides you with a guaranteed, fixed income for life in exchange for your charitable gift to The Carter Center. A gift annuity may be funded with cash or securities that have a minimum value of $5,000 and may have up to two beneficiaries – the older the beneficiaries, the higher the rate of return. Both beneficiaries must be at least age 50 to begin receiving annuity payments. Are you under age 50, or would you like to defer payments, perhaps until retirement, in exchange for a higher annuity rate?
Important Update The Carter Center, like most non-profit organizations, adheres to the annuities rates established by The American Council on Gift Annuities (ACGA). The ACGA was formed in 1927 for the purpose of serving as an educational resource to non-profits. Having recently conducted its annual review, the ACGA Rates Committee has recommended a new, lower schedule of gift annuity rates for both immediate and deferred payment gift annuities. These lower annuity rates will go into effect on July 1, 2008. Please see the rate sheet which shows the current annuity rates in comparison to the revised rates. If you have been considering establishing a gift annuity, you may find it advantageous to do so before July 1, in order to maximize the return on your investment. A Charitable Gift Annuity Request Form is also available for your convenience should you decide to proceed with a new gift annuity.
Some benefits of a gift annuity include:
A charitable deduction in the year the gift is made that is a percentage, usually 30% - 55%, of the gift amount. Most individuals have up to 5 additional years to utilize the tax deduction if they are unable to use all of it the first year.
A rate of return that is generally much higher than those on money market and passbook savings accounts and, in most cases, the dividend payments on stock holdings.
For a period of years, a percentage of the income received from the charitable gift annuity is tax-free (or a combination of tax-free and capital gains if the annuity is funded with appreciated assets).
The income stream is guaranteed by The Carter Center for the lifetimes of the beneficiaries.
Example:
Irene and Bill, ages 73 and 76, establish a charitable gift annuity with $25,000 in cash.
Annuity rate: 6.3%
Annual income: $1,575 (For almost 17 years, approximately $1,055 of that amount will be tax-free.)
Charitable Deduction: Approx. $7,100 (Deductions vary somewhat with the timing of the gift.)
Would you like to see an example of this for yourself?
The Carter Center always recommends that individuals considering a gift annuity or any planned gift seek the advice of a qualified attorney or financial advisor. Gift annuities are an irrevocable commitment and may not be the best method of giving for all individuals.
To view an annuity rate chart for single-life annuities, please click here. For rates on two-life annuities, or to learn more about charitable gift annuities or other methods of giving to The Carter Center, please contact the Office of Gift Planning at (800) 550-3560, ext. 860, or send an e-mail to karen.price@emory.edu.
The Carter Center always recommends that individuals consult their financial or legal advisor when considering any type of planned gift. The information provided above should not be considered legal or accounting advice.
RSS Feeds |
Podcasts |
Emory University |
Jimmy Carter Library & Museum |
Privacy Statement |
Copyright © 2008 The Carter Center. All Rights Reserved
Print This Page
E-mail This Page