CHARITABLE GIFT ANNUITY

Are you seeking a guaranteed level of annual payments, something you can rely upon forever? Have you considered making a lasting gift to the Jewish community but were concerned about how to do so? Are you concerned about paying capital gains taxes on appreciated assets if you use them to fund your retirement?

A Charitable Gift Annuity (CGA) serves as an attractive alternative to other fixed income vehicles. You are guaranteed annual returns, a portion of which may be free of income tax. Additionally, you will receive a current income tax charitable deduction and a reduction in your taxable estate.

If you decide to use appreciated assets to fund a gift annuity, no capital gains taxes are due when the securities are contributed. Instead, a portion of your income from the annuity will be subject to capital gains tax, which will be paid over your life expectancy.

Charitable Gift Annuities tend to pay higher yields (interest rate) than many other investment alternatives.

And, when the annuity ceases to be paid, the balance of your gift will create a significant benefit for the Jewish community.

Charitable Gift Annuity (CGA)

• Provides a reliable stream of income today for you, you and your spouse, or a loved one
• Provides potential estate and income tax benefits
• Enables donors 65 or older to supplement their retirement income
• Defers / reduces capital gains taxes for gifts of appreciated assets

Typical Donor Profile

• Seeking guaranteed income for self, self and partner or a loved one
• Desires a fixed income based on the fair market value of the charitable contribution
• May not want to make additional gifts through his or her estate
• Is age 65 or older

What Are The Payment Rates?

The above rates are effective as of July 1, 2018 and are for immediate-payment gift annuities. The rates used by the Jewish Community Foundation of Greater MetroWest NJ are established by the American Council on Gift Annuities (ACGA). (For more information on the ACGA, visit www.acga-web.org.)

How Will the Jewish Community Foundation (JCF) Handle Your Gift?

Your contribution will be invested in a professionally managed, well-diversified portfolio. Your annuity payments are a general obligation of the JCF and are backed by all of JCF’s assets.

You will receive payments on a quarterly basis, either by direct deposit (electronic transfer) or a check (sent by U.S. mail).

More Information