Eight Reasons to Start a Charitable Gift Annuity
There has rarely been a better time to establish a charitable gift annuity from Leader Dogs for the Blind. With the stock market continuing on a downturn, you are probably thinking twice about your financial decisions. Here are eight good reasons for you to consider a Leader Dog Charitable Gift Annuity (CGA).
- Attractive Rates When you compare our charitable gift annuity rates with what you might receive from a savings account or a certificate of deposit, you will be pleasantly surprised. For example, the payment rate for a person age 70 is 6.1%, at age 80 the rate is 7.6%.
- Regular Payments When you establish your gift annuity, you decide how often you want to receive your payments. While most annuitants choose to receive their checks or direct deposits every quarter, some choose semi-annual or annual payments.
- Fixed Income Your payment rate is locked in at the time you obtain your gift annuity. It does not rise or fall with the economy. Instead, it will be the same amount every year. That means extra stability in uncertain times.
- Lifetime Benefit CGA’s are for life. No matter what your current age or how long you live, your payments will continue right to the very end. In addition, if you choose a two-life annuity, when one person dies, the other continues to receive the payment for the rest of his or her life. This benefit of ongoing payments can provide security for your spouse as they enter their older years.
- Dependable Source Leader Dogs for the Blind stands behind our gift annuity program. We have a reserve fund set aside to meet our obligation and, for further security, we back our annuity obligations with the full financial assets of our organization. We want you to feel safe and have confidence that your payments will continue without fail.
- Relief from Taxes The IRS considers part of your initial CGA contribution as a donation, so you receive an income tax charitable deduction to apply on an itemized return. In addition, during your lifetime, you will be able to claim part of the annuity payment as tax-free income.
- Simple Process Obtaining a CGA from Leader Dogs for the Blind is much easier than most people think. We provide you with a personalized gift illustration, which includes your age and contribution amount, so you can understand how it all works.
- Personal Satisfaction Another benefit is the enormous satisfaction you will receive for making a charitable gift in this manner. Every time you receive a payment, you will be reminded that your gift annuity will eventually benefit Leader Dogs for the Blind.
For your personalized gift illustration, please call our director of planned giving and major gifts at 248-651-9011 or send an email to donorsupport@leaderdog.org.
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