The Charitable Gift Annuity: A gift that pays you back!
The Charitable Gift Annuity: A gift that pays you back!
A charitable gift annuity helps you support The Humane League while providing you and/or a loved one steady income for life. The Humane League works with the National Gift Annuity Foundation (NGAF) to offer this win-win option to donors in all 50 states.
How it works:
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- What it is: A simple agreement where you donate assets and one or two individuals receive fixed payments for life. Payments can be immediate or deferred. What remains supports our farmed animal protection work.
- Minimum gift: $20,000
- Age requirement: Each beneficiary must be 55 or older at the time of the gift.
- Funding options: Cash, appreciated securities, illiquid assets (with approval), or one-time Qualified Charitable Distribution from an IRA, up to 54,000 (age 70 ½ and older only; 108,000 limit for married couples).
- Payment rates: Based on the age of the annuitant(s) and remain fixed. Current rates for a single-life annuity range from 4.8% to 10.1%.
- Benefits: Immediate tax deduction (unless funded with QCD), partially tax-free income, potential capital gains tax savings.
- Ideal for: Donors seeking additional retirement funds or younger donors who want to provide income for older family or loved ones while receiving tax benefits.
Ready to learn more?
Contact Ann Kolakowski, Planned Giving Manager, akolakowski@thehumaneleague.org or 301-531-4306.
The information provided on this site is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified financial advisor or other professional for advice tailored to your specific circumstances.