Ways To Help

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A recent survey by the American Council on Gift Annuities found that 90 percent of donors who create a charitable annuity are age 70 or older when they make their decision. Women, at 56 percent of the total, are represented in greater numbers than men. And nearly 75 percent create an annuity for one person instead of using the two-life option.

Might a gift annuity be appealing to you this year? Consider these benefits:

  • Stable Income- identical payments on a regular schedule that you choose
  • Attractive rates- higher, fixed rates than many other options
  • Special savings- a charitable deduction and tax-favored income
  • Charitable intent- you designate how remaining funds are used

As an example of the typical annuitant, a 70-year old donor creates a $25,000 gift annuity with a fixed-rate return of 5.1 percent. More than 70 percent of her payment amount will be tax-free throughout her life expectancy of nearly 16 years. That's equivalent to a taxable return of 6.5 percent. Further, she will be eligible for a charitable tax deduction this year of more than $10,000.

Because LLS measures results in terms of lives saved, the benefit to patients will be realized after the donor?s lifetime. This is when the remainder of the annuity is invested in research in the type of blood cancer directed by the donor. In this way, our payments to you now will also "pay forward" so a new generation might live without blood cancers.

If you would like to see a gift illustration based on your circumstances, call Richard Schneyer, vice president of development, at 888-773-9958. Or email him at legacy@LLS.org.

last updated on Thursday, July 24, 2014
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