Foundation

Planned Giving

Charitable Gift Annuity

The Charitable Gift Annuity is a combination of a gift to JCC and an annuity. For senior donors, annuity rates may be as high as 8%, 9% or even higher! Since part of the annuity payment is tax-free return of principal, the gift annuity may provide the donor with a substantial income. Additionally, the combination of partially tax-free income and the initial charitable deduction makes this type of gift very attractive for many donors.

Maybe the most attractive aspect of the Charitable Gift Annuity is that donors enjoy the fixed rate of return. Because the rate does not change, regardless of current investment or market conditions, donors are able to plan for the future with peace of mind.

Finally, appreciated property may be transferred to JCC in exchange for a Charitable Gift Annuity. With appreciated property, a portion of the capital gains tax is avoided. The remainder of the gain is allocated to the annuity portion and is taxed each year over the projected life expectancy of the donor. Since the tax is spread out over the life of the donor, and the donor is receiving, in part, tax-free income, the transfer of appreciated property in exchange for a Charitable Gift Annuity can generate very favorable results.

JCC adheres to nationally accepted Charitable Gift Annuity rates. Please contact the Foundation to explore this and/or other opportunities.

 

If you’d like to learn more about the many options available to you, simply call or email us with your questions.

Phone: (517) 787-0244 - Email: foundation@jccmi.edu

This information is not intended as legal, tax, life insurance or investment advice. Please contact your attorney, tax professional, life insurance professional or investment professional for specific advice.