Charitable Gift Annuities

Charitable gift annuities provide fixed annual payments for the lifetime of the annuitant. Annuity rates range from 5% to 12% depending on the age of the annuitant(s). You can also defer the annual payments to a later date specified at the time the gift is made. The deferral results in a higher annuity rate.

Gift annuities are attractive to donors who want to convert appreciated stocks into a reliable source of income or increase their income from investments like CDs or money market funds.

Benefits of creating a charitable gift annuity include:

• Potential for increased income
  
• Partially tax-free income
  
• Receive a charitable income tax deduction
  
• Bypass capital gains taxes that would have been due upon the sale of the stock
  
• Remove the property from your taxable estate

If you are interested, contact Ron Kolenic via phone at 512-279-8413 or email ron.kolenic@laf.org.