CHARITABLE GIFT ANNUITIES

What is a Charitable Gift Annuity?

Charitable Gift Annuities (CGAs) provide a way to support cutting-edge cancer research, while receiving a partial tax deduction and a lifetime fixed income stream. CGAs are an excellent giving option for donors who want to secure their own financial stability while providing support for the National Foundation for Cancer Research. CGAs are easy to establish, require no trust administration and incur no set up costs to the donor.

How does a Gift Annuity Work?

1. In a written agreement, you give your asset (money, securities or real estate) to the National Foundation for Cancer Research.
2. You are guaranteed a set rate of return for your gift. Payments are made to you in regular installments.
3. A portion of the gift to create the annuity is eligible for an income tax deduction and will go to support cancer research through the National Foundation for Cancer Research.

What are the Benefits?

There are a number of benefits with a charitable gift annuity. Your payments are fixed as of the date of your gift. This means that your payments will never change, even if interest rates or the stock market changes. Depending upon your gift, you may receive the added benefit of mostly tax-free payments. You will also receive a charitable deduction in the year that you set up the gift annuity. Click here to learn more about the benefits.

Want to calculate the benefits? Click on the calculator to the right to see payment projections and tax deductions based on the size of you gift, age and tax bracket.

Maggie and Glen

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Maggie and Glen have set up gift annuities with their favorite charities. And they are happy to help them, because they also receive a check from each organization in the mail.

“I love our gift annuities for two reasons,” Maggie says. “It helps us each month to receive regular fixed payments and it helps each of the charities to further their good work.”

Seven Benefits of a Charitable Gift Annuity

1

Attractive Rates

When you compare our gift annuity rates with what you might receive from a savings account or a certificate of deposit, you will likely be pleasantly surprised.

For example, the payment annuity rate for a 75-year-old is 5.8%*. Considering the income tax deduction and tax-free return, your annuity is similar to receiving an 8.61%* taxable return. Deferred gift annuities can also be used by younger people as a retirement planning tool.

2

Flexible Payment Schedules

When you establish your gift annuity, you decide how often you want to receive your payments. Payments can be made quarterly, semi-annually or annually – and, even, in certain circumstances, monthly.

Whatever you choose, receiving your regular payments on a specific, predetermined date is comforting and helpful for planning purposes.

3

Fixed Income

Your payment will be the same amount every year. It will not fluctuate with the stock market or economy.

4

Lasts a Lifetime

Gift annuities are for life. No matter what your age now or how long you live, your payments will continue for the rest of your life.

5

Dependable

The National Foundation for Cancer Research stands behind all of our gift annuities. We have established a reserve fund to assure that we can meet these obligations, and we back our annuity obligations with the full financial assets of the Foundation.

We want you to feel safe and secure and to have confidence that your payments will continue without fail.

6

Relief from Taxes

A portion of any contribution you make to establish a gift annuity is considered a charitable gift by the IRS. Therefore, you will receive an income tax charitable deduction to apply on your itemized return. In addition, your payments are partially tax-free for your life expectancy.

7

Simple Process

Obtaining a gift annuity from the National Foundation for Cancer Research is much easier than most people think. We provide you with tailor-made illustrations based on your age (or the age of the person you designate) and contribution amount, so you can see how it works. We can also provide materials you can share with your family or advisor(s).

*Based on rates published by the American Council on Gift Annuities as of December 2016. This information is not intended as tax, legal or financial advice. Gift results may vary. Consult your personal financial advisor for information specific to your situation.