CHARITABLE GIFT ANNUITY

Simple and safe, here’s how it works:

With a simple, one-page agreement, you can make a gift to the Petoskey-Harbor Springs Area Community Foundation to help the causes that you hold dear and receive guaranteed lifetime payments for yourself or your designated beneficiary.

In return for a gift of a specified amount, we will pay you, or whomever you designate, a stream of payments for life. The payments are a fixed amount and generally depend on the number (up to two) and age(s) of the beneficiary(ies).

For instance, payments would be higher for an annuity payable for one life to one person, aged 70, than to a couple, both 70, because of the longer life expectancy of the couple. In addition to the payments from a gift annuity, you get an income tax deduction for a portion of the gift.

If you use long term appreciated property to fund your gift annuity, another great benefit is the opportunity to reduce capital gains tax. And, the reduced amount of the tax that is payable is spread over your life expectancy.

Click here to open our one-page, printable brochure, “SEVEN BENEFITS OF A GIFT ANNUITY”. This is a PDF file so you will need Adobe Acrobat Reader software.

For more information, or a confidential consultation on how a charitable gift annuity can work for you, please call Maureen Nicholson at 231/348-5820. Email: phsacf@freeway.net We would be pleased to provide a financial illustration showing the benefits of a gift annuity for your personal situation.

Annuities benefit both the donor and the community.

As a service to the community, the Community Foundation is making this program available to other non-profit organizations. These charities will now have an effective method of building endowed funds under the administrative umbrella of the Community Foundation.

Looking for other ways to give to your Community Foundation? Visit our Giving Opportunities page.

Home / Grants / Scholarships / Board of Trustees / Giving Opportunities / Types of Funds / YAC