New Higher Charitable Gift Annuity Rates Effective July 1, 2010
Charitable gift annuities are gifts made to us and are created by a simple contract between you and Lewis & Clark, which can usually be completed in a couple of days.
The charitable gift annuity generates fixed payments for life to you (and/or someone you designate) while ensuring a significant gift to us at your death. The amount you’ll receive is determined by the amount you contribute and your age; the older you are at the start, the higher your fixed rate. In addition, a portion of each payment is income tax-free throughout your estimated life expectancy. After your lifetime, or yours and that of another, we are able to use the remainder of your gift for our most pressing needs.
Your Tax Benefits
You may create a charitable gift annuity with a gift of cash, marketable securities or possibly another asset. Because we are a charitable organization, gifts made in exchange for gift annuities are eligible for a charitable income tax deduction for a portion of the amount contributed. You are eligible for the income tax deduction in the year you create the gift annuity.
To benefit from the higher rates, contact Sharon Bosserman-Benson for the Undergraduate or the Graduate School at 503-768-7911, 800-753-9292, or email@example.com, or Barbara Zappas for the Law School at 503-768-6641 or firstname.lastname@example.org.
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The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.