Charitable Annuity

In addition to the great satisfaction of supporting WHYYs mission a Charitable Gift Annuity provides you with a lifelong income while you enjoy tax benefits.

Charitable annuity. Donors can increase their income while obtaining significant tax reductions. With a charitable gift annuity you can do both. Charitable Gift Annuity - FAQs - Christian Stewardship Services Who are Charitable Gift Annuities best suited for.

A Charitable Annuity allows you to make a charitable gift today receive an income for life avoid capital gains support your favorite charities and even possibly earn an immediate charitable tax deduction. WHYY Charitable Gift Annuity. The simplest life income gift arrangement the Charitable Gift Annuity is a contract between Wharton and the donor providing for payments to one or two beneficiaries at a fixed rate.

Its a selfless gift to ministry with all the benefits of an investment. A charitable gift annuity is a gift vehicle that falls in the category of planned giving. It involves a contract between a donor and a charity whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity.

Charitable annuities are hardly a new idea. By definition a charitable gift annuity is what is referred to as a split gift. In exchange for a gift of 10000 or more Wharton will provide an attractive annuity rate and guaranteed payments for life.

Payment rates depend on several factors including your age. Annuities are most suitable for persons aged 60 or older. Couples one of whom is 60 or older and the other who is 55 or older may purchase a joint annuity.

And most investors are amazed at how many well known and many worthwhile but lesser known charities offer them. After your death the remainder of your gift is passed on to the ministries of your choice. A charitable gift annuity is a contract between you and your alma mater.