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Charitable Gift Annuity

Charitable Gift Annuity

Are you trying to make the most of your investments in spite of this economy?

Gift annuities can play a role in benefiting you, a loved one, and Girl Scouts of Colorado. To plan for retirement, you can fund an annuity today but defer income payments until a future date. The longer you choose to delay the payments, the greater the charitable tax deduction and the higher the payout rate.

Annuities can also provide income for someone else. If neither you nor your spouse need additional income, consider funding a gift annuity to Girl Scouts of Colorado that pays income to a parent, sibling, or cherished friend. Most often, you may claim an income tax deduction when the annuity is created. There are additional considerations with respect to gift taxes, but with proper planning you can enhance the financial security of someone you care about and support Girl Scouts of Colorado at the same time.

Yet another idea is to establish a gift annuity as your charitable "checkbook" and use annuity payments to support a local charity or make annual gifts to Girl Scouts of Colorado.

How can you benefit from a Charitable Gift Annuity?

  • Fixed annual income
  • Tax deduction for the assets transferred
  • Part of the income may be tax free

How does a Charitable Gift Annuity work?

Charitable Gift Annuities guarantee a fixed annual payment to the donor or designees for life in exchange for the donor’s transfer of a certain amount of cash or securities to Girl Scouts of Colorado.  The asset transfer provides an immediate income tax deduction and a part of the income may be tax free to the donor.

Am I too young for a Charitable Gift Annuity?

No, anyone can set up an annuity, receive the potential tax deduction for the asset transfer and increase the rate of return by deferring the annual income to a later age.

Will my taxes be reduced by a Charitable Gift Annuity?

Your potential capital gains taxes will be deferred; and your ordinary income taxes and potential estate taxes will be reduced.

How will my Charitable Gift Annuity benefit Girl Scouts of Colorado? 

After your death, the remaining assets in your Charitable Gift Annuity will benefit the Girl Scouts of Colorado as part of its Endowment Fund.  You can designate your legacy gift as unrestricted so that it supports all programs, or you can restrict your support to a specific program in consultation with Resource Development staff who will help you make the designation you prefer.

ACGA Single Life Charitable Gift Annuity*
*Recommended by the American Council on Gift Annuities and effective January 1, 2012.

Age         Immediate payment         Deferred 10 years

55                     4.0%                               6.4%
65                     4.7%                               7.9%
75                     5.8%                             10.7%
85                     7.8%                             12.3%

 

Regardless of how you choose to structure your gift annuity payments, your gift will impact and benefit Girl Scouts of Colorado. 

For more information, contact Carol Griffin, Donor Services Manager, at (303) 607-4879.