Charitable Gift Annuities
Are you interested in making a meaningful contribution to Planned Parenthood today, supporting future generations tomorrow, while receiving fixed income for life, an immediate charitable tax deduction, and reduced capital gains tax? Then a charitable gift annuity may meet your objectives.
This Legacy Society member established a charitable gift annuity for PPFA.
A charitable gift annuity is a special giving arrangement in which, in return for a gift of $10,000 or more (or $20,000 for two annuitants), Planned Parenthood provides guaranteed, fixed payments to you and/or another person for the rest of your lives. The rate of your payments is based on your age when the gift is made and will not change. A portion of your annuity payments may be tax-free, depending on the specifics of the gift. A charitable gift annuity also entitles you to partial income tax charitable deduction and may provide capital gains and estate tax benefits. After your lifetime, the remainder of your gift will support the work of PPFA or a designated Planned Parenthood affiliate.
Example:
Donor
one person, age 77
Amount of Gift
$20,000
Annuity Rate
7.0%
Annual Annuity Payments
$1,400 per year for your lifetime
Income Tax Charitable Deduction
approximately $9,400
Figures are based on a gift made in August 2008. Planned Parenthood uses the annuity rates adopted by the American Council on Gift Annuities.
Our staff can prepare personalized, confidential gift examples for you. If you would like more information, please contact us.
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