Low Interest Rates Got You Down?
If you've been looking for a way to deepen your support for The Leukemia & Lymphoma Society (LLS) while increasing your economic stability, you might want to consider the advice of Money Magazine: "A charitable gift annuity gives you income plus a tax deduction - and lets you help a worthy cause."
Charitable Gift Annuities are a win-win arrangement. Maybe you've heard of them before but perhaps you aren't sure of the details. Here is what may be the most concise explanation of gift annuities you've ever heard:
- You make a donation of at least $10,000 to LLS.
- You receive fixed payments back-for life-at attractive payment rates, and a charitable deduction when you make your gift.
- Enjoy the satisfaction of making a contribution that benefits you now and blood cancer patients later.
And with the stock market in flux, now could be an opportune time to fund your annuity with appreciated securities. You will avoid some capital gain at the time you make your gift and the remainder will be spread out over your lifetime.
So how much will you get back from a gift annuity? It depends on your age: the older you are, the higher your payment rate. And rest assured, the rate will never change for as long as you live, no matter what happens in the economy.
Want to see what your payments and tax savings would be based on your age and gift amount? Simply contact Laura Lewis at 888.773.9958 or by e-mail at email@example.com and someone will get back to you right away with a free, customized, no-obligation example.
Here are a few sample payment rates and yearly payments based on a donation of $20,000:
If your age is: 70 75 80 85
rate will be: 5.1% 5.8% 6.8% 7.8%
payment will be: $1,020 $1,160 $1,360 $1,560