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Charitable gift annuities provide fixed annual payments for the lifetime of the annuitant. Annuity rates range from 5% to 7% 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 Scott Chesrown via phone at 303-947-0661 or email schesrown@bleedpurple.org.
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