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Charitable Gift Annuities Have Reached Their Highest Rate in 16 Years

Now is a great time to consider making a gift that benefits you and the Diabetes Research Institute Foundation.

The concept is simple. You make a gift using cash, appreciated securities or, if you are 70½ or older, your IRA assets. We, in turn, pay you a fixed amount for life. At the end of your lifetime, the remainder of your gift goes to our organization and becomes part of your legacy.

With this type of gift, you can count on receiving stable payments for as long as you live. They’ll stay the same no matter what the markets do.

Here’s an Example of How You May Benefit

Consider this scenario: Under the former rate schedule, Mary, 80, transferred $25,000 in exchange for a charitable gift annuity. She received annual payments of $1,900, a rate of 7.6%. With today’s rates, if Mary decides to increase her retirement income by making another gift this year, the same gift amount will provide $2,025 in annual payments, reflecting an 8.1% rate.

In addition to the opportunity to increase your retirement income as you help shape our future, if you fund your gift annuity with cash or appreciated assets you can receive numerous tax benefits, including:

  • A partial income tax charitable deduction for your gift when you itemize.
  • Part of each payment is income tax-free throughout your estimated life expectancy.
  • Capital gains tax savings on appreciated property you donate.

If you are 70½ and older, you can make a one-time election of up to $53,000 to fund a gift annuity. Special rules apply to this option, so please contact us to learn more.

The chart below includes a comparison of selected previous and current rates.

Source: American Council on Gift Annuities

You may request our charitable gift annuity booklet or a personalized illustration of how this gift can work for you here or contact Jill Shapiro Miller at jshapiro@drif.org or (954)674-3205 .T

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