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Mary Johnson,
age 63 and a Parent Child Center donor, is nearing retirement. A
health insurance coverage review with her insurance professional
revealed long-term care expenses would quickly deplete Mary's assets.
Her insurance professional recommended a long-term care policy. Mary
decided to blend the need for long-term care insurance with her charitable
intentions.
The Parent Child Center's development staff recommended establishing a
charitable gift annuity to pay Mary's long-term care premiums.
Mary contributed $17,000 to the Parent Child Center to establish a
charitable gift annuity. In exchange, she received $1,183 per year
for the rest of her life and used the annuity payments for her long-term
care premiums. In addition, she received a $5,885 tax deduction. At
death, the balance of Mary's gift will go to The Parent Child Center.
What are the Benefits of a Charitable Gift Annuity?
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Guaranteed payments (partially
tax-free) for the rest of your life and your spouse
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Annuity payments at higher rates
than interest paid on current fixed investments
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Charitable income tax deduction
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Capital gain saving
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Opportunity to partner with the
Parent Child Center to prevent and treat child abuse and neglect.
We
would be pleased to answer any questions and send you a gift annuity
illustration tailored to your personal goals. There is no charge and
you are under no obligation. To find out more about charitable gift
annuities, please call the Development Manager at 599-7999.
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