Charitable Gift Annuities

Immediate Payment and Deferred Payment

A Charitable Gift Annuity is a simple contract providing for our payment to you (and an optional second beneficiary) of a fixed amount for life in return for your contribution. The gift annuity offers you the assurance of payments that will not fluctuate, and that are secured by all the assets of The Legacy Foundation at Shell Point. And the minimum gift to establish a charitable gift annuity is low -- a contribution of $10,000 or more will enable you to share in the benefits of this program.

A charitable gift annuity offers you three distinct tax benefits:

(The IRS provides that the capital gain and tax-free-payment benefits are in effect during your life expectancy - if you live beyond your life expectancy, the entire annuity payment will be taxed as ordinary income.)

Your gift annuity can start paying you once you make your contribution (an immediate-payment gift annuity), or payments can commence at a later date selected by you (a deferred gift annuity). Deferral allows us to offer you a higher annuity rate and gives you a larger charitable deduction.

Many younger donors create a series of deferred gift annuities over multiple years, jointly timed to begin making payments when they retire. To fund their gifts, they use assets they've already designated for retirement savings. Their deferred gift annuities give them an income tax deduction when they most need it, and an additional source of cash during their retirement years.

To learn more about charitable gift annuities, Email us, complete the Information Request form, or call us at (239) 466-8484 so that we can assist you.

(Back to All Gifts-at-a-Glance)