Gift Annuity Benefits
Since a portion of the annuity is a gift, you'll receive an income tax deduction for the gift.
A portion of the annual annuity income is exempt from federal taxes.
You may save tax on the capital gains (profit from an investment).
You avoid estate taxes and probate costs.
The charity will have immediate use of some of the funds you pay them for your annuity.
Your annuity is as safe as the organization you invest with, for the total assets of the organization stand behind its agreement to make payments to you.
NOTE: The gift annuity is irrevocable; once you have parted with your money pursuant to the annuity contract, you cannot get it back.
Certain program activities were underwritten by the
Department of Economic Development Neighborhood Assistance Program (NAP)
Recycling
Program