Guaranteed income for life!
A Simple Contract
A charitable gift annuity is a simple contract between you and the PBCC Foundation. The Foundation pays you a set amount of annuity (income) for the rest of your life in exchange for a one-time gift of cash or securities. This creates an immediate federal charitable tax deduction and other possible tax benefits.
Income for Life
The rate paid to you is determined by your age; higher rates are paid to older donors. You may have as many contracts as desired opened at various stages of your life, with a different rate established for each contract. The Foundation uses rates established by the American Council on Gift Annuities (ACGA) which reviews the rates annually to determine competitiveness. Visit www.acga-web.org/ to view current rates.
Substantial Tax Benefits
A charitable gift annuity can create significant income tax benefits, including a charitable contribution tax deduction, ordinary income tax savings and reduced capital gains – if the contract is funded with highly appreciated assets, such as stocks or bonds.
Requirements
Charitable Gift Annunities donors must be at least 55 years of age. The minimum gift is $10,000 cash or cash equivalent (no real estate).
Calculate for Yourself
See how this program can work for you. Click here to open a calculator that allows you to enter your specific information and see the benefits.
Benefits
- Creates a lifelong income and retirement peace of mind
- Creates an immediate charitable contribution tax deduction
- Helps support higher education in our community
- Can create additional tax benefits
For more information contact Suellen Mann PBCC Foundation executive director, at 561-868-3450
- to set up a personal consultation to discuss supporting
PBCC with charitable gift annuities
- to request information about how you can leave PBCC
Foundation in your will
- to request more information about other planned gifts opportunities
- to request more information on establishing a charitable trust
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