Charitable Gift Annuities
Turn Your Generosity Into Lifetime Income
When you are looking for ways to help RMHC lesson the burden for families of sick kids, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support RMHC's programs while receiving fixed payments for life is a charitable gift annuity.
When you create a charitable gift annuity with RMHC, your gift provides you with regular payments and allows us to help children and families. You can also qualify for a variety of tax benefits depending on how you fund your gift.
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $53,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
Check Out This Potential Scenario
Say that Justin, 66, and Mary, 65, want to make a contribution to RMHC that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with RMHC. Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,020 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,402* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See How It Works
Learn How to Fund It
You can use the following assets to fund a charitable gift annuity:
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Questions about ways to give through a planned gift?
Contact Lacee O’Brien at 630-623-7048 or lacee.obrien@us.mcd.com