Simply put, a Charitable Gift Annuity (CGA)
is an agreement where you give a gift of cash or securities, and ChildFund
agrees to pay you fixed income for as long as you live.
You will be helping deprived children while receiving valuable benefits yourself.
For example, if you are 70 years old and establish a $25,000 gift annuity, you will receive 5.7% annually and a steady income stream of $1,425 for as long as you live - no matter how long that may be!
One of the most significant benefits you receive is an immediate tax deduction. Using the example above, the immediate tax deduction would be $9,772.50.
New Tax Rules for Retirement Assets Provide Opportunities for Charitable Gifts!
Changes in the tax rules are making the conversion from a traditional IRA to a Roth IRA an attractive option for some this year. While Roth IRAs offer tax savings over the long-term, the conversion may trigger a taxable event. To offset this, consider making a charitable gift to ChildFund. Charitable Gift Annuities that provide income may be optimum.
Please contact your regional development officer at 1-800-762-9593 to learn more about charitable giving options. Or you may visit our online calculator hereto create a custom and confidential CGA illustration.