Posted by Anna Simmonds, Acting Director of Bequest and Annuities
Probably the number one misconception about charitable gift annuities is that they are complicated gifts! After people sit down with me and hear how simple it is to set up a gift annuity, they are almost always surprised and pleased that they can receive income and continue to help protect the natural world for future generations.
The truth is, charitable gift annuities are a “win-win” for donors and for the Conservancy–one reason why they are our most popular planned gift after bequests. Charitable gift annuities with the Conservancy fit the bill for members looking for a way to satisfy their philanthropic and financial goals with one gift. They are also very flexible: whether you need income now or want to receive it later, we can help you find the gift plan that fits your situation.
Our first step when you tell us of your interest in a charitable gift annuity is to create a no-obligation personal gift proposal tailored to your needs. The Conservancy’s gift annuity program has been around for nearly 25 years, so we have the expertise to help you define your goals and make the best decision for you. We are happy to work with you or your financial advisor and we keep the process simple and straightforward.
Here are a few things to know about charitable gift annuities:
- If you itemize your taxes you may receive an immediate income tax deduction, regardless of when you begin to receive income.
- You receive income for life–for yourself or up to two beneficiaries.
- You can fund a gift with cash, securities, real estate and more. (And you may receive savings on capital gains for gifts of appreciated assets).
- You can choose to receive payments now or later.
- The minimum gift is $5,000 and the minimum age to receive immediate income is 50. However, you may set up a deferred gift annuity at age 30.
You might also be glad to know that you do not have to worry about fluctuating stock prices because annual payments are not tied to the market. With today’s low interest rates, a gift annuity may provide a payout rate that is more attractive than stock dividends or interest rates on certificates of deposit or bonds.
Of course, one of the greatest satisfactions of making a charitable gift annuity with the Conservancy is knowing that you are helping to sustain the conservation work that means so much to you. It is a gift that provides for your future and the future of the natural world.
If you would like to talk with one of our gift planning specialists about charitable gift annuities or any kind of life-income gift, please call us toll-free at (877) 812-3698 or e-mail firstname.lastname@example.org. We would be happy to explain your options and help you devise a plan that is just right for you.
The Nature Conservancy cannot render tax or legal advice. Please consult your professional financial advisor before making a charitable gift.
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You can protect oceans and coasts and other natural places by making a planned gift with The Nature Conservancy. Contact us today.