This type of gift might appeal to you if you want to support Valpo, are 40 to 60 years old, have a high income, need to benefit now from a current tax deduction, and are interested in augmenting potential retirement income.
The deferred-payment gift annuity involves the current transfer of cash or marketable securities in exchange for which Valpo agrees to pay the donor an annuity starting at a future date—usually at the donor's retirement. The gift can consist of a single transfer, a series of transfers, or periodic transfers to the plan in high-income years.
You realize an immediate charitable deduction for the gift portion of each transfer to establish a deferred gift annuity. A portion of each annuity payment, when the payments begin, will be a tax-free return of principal over the life expectancy of the annuitant. When appreciated long-term capital-gain securities are transferred, any reportable capital gain is spread out over the donor’s life expectancy.
Gift Range: $10,000 or more
Example: A married couple, Michael and Lisa, both 57, wish to supplement their retirement income with deferred-payment gift annuities. After consulting with their own financial advisors and a member of our staff, they decide to contribute $25,000 each year for the next ten years to our gift annuity program.
The tax and financial benefits of this arrangement to Michael and Lisa are as follows:
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