Charitable Gift Annuities
There's a way to safeguard wildlife, increase your retirement income, and get a tax deduction. A National Wildlife Federation gift annuity is a simple contract between you and the National Wildlife Federation. It's a smart way to receive retirement income at an attractive, fixed rate of return - either right now, or in the future.
Here's how it works:
- You make an irrevocable gift to the National Wildlife Federation using cash or securities
- The National Wildlife Federation gives you and/or another person fixed payments for life
- You may claim a federal income tax deduction
It's that simple.
If you're 50... A Deferred Gift Annuity is a popular way to supplement future retirement income. You transfer the assets now, get a tax deduction right away, and set a future date to begin payments. By delaying the payments you receive higher annuity payments and a higher deduction now, the year you create your annuity.
If you're 65 (or better)... A Charitable Gift Annuity supplements your retirement income right now. Aside from the federal charitable deduction, you'll also save capital gains tax when using appreciated stock to fund your gift annuity. Income is paid to one or two annuitants at a rate based on the beneficiaries' ages when the gift is created.
If you would like income for another person... You may establish a gift annuity to benefit a loved one such as a friend, parent, or child. In this case, you receive the charitable deduction and they receive the lifetime income. A charitable gift annuity can only be set up for one or two lives, so you may also establish a two-life gift annuity to benefit you and your spouse. Beneficiaries must be at least 65 at the time of the gift. For more flexible beneficiary choices, you could consider a charitable annuity trust or a charitable unitrust.
The National Wildlife Federation Philanthropy Team has the experience and resources to answer all your questions and help you find the gift annuity that's right for you; contact us at 1-800-332-4949 or firstname.lastname@example.org.
Interested? Calculate your rate of return.
Are you considering a gift of $100,000 or more? Take a look at charitable gift strategies that can protect your assets.
Do you have questions about gift annuities and other life income gifts? We have answers.
Notes: You must be 65 (or better) to establish a charitable gift annuity. The National Wildlife Federation's gift annuity minimum is $10,000.