Charitable Gift Annuities
(Gift example*)
You hold a stock portfolio that has appreciated well but
only pays you 2% income per year. You are now 70,
and you are concerned that if you sell some of the stock to reinvest in bonds,
capital gains taxes will cut heavily into the proceeds. You want to make a
gift of $50,000 to Wells, but you
need the income that your portfolio provides you.
You are looking for a gift plan that will continue this income
and increase it, if possible.
Here's a summary of the income and tax benefits from this
gift annuity:
Donor
(Age 70) |
|
Amount
contributed (stock) |
$50,000 |
Cost
basis |
$20,000 |
Gift
annuity rate |
6.1% |
Annual
payments |
$3,050 |
Tax-Free
portion |
$756 |
Charitable
deduction |
$19,940 |
Click here to calculate the
benefits a gift annuity would give you.
|
Note:
The Charitable Gift Annuity is not the only gift plan that pays you lifetime
income. Compare its benefits with those of
the annuity trust and the unitrust. |
*This
example is based on a factor that changes monthly. Contact our office
for a personal illustration based on the latest rates. |
For more information
Email us, complete the personal illustration form, or call us at 315-364-3443 so that we can assist you through every step of the process.
Pettibone House
Aurora, NY 13026
315-364-3443 | Fax: 315-364-3362
E-mail: development@wells.edu
Planned Giving content and Legacy Planner® copyrighted © 2008 VirtualGiving.
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