A charitable gift annuity (CGA) is a contract between you, the donor and Habitat for Humanity. In exchange for an irrevocable gift of cash or marketable securities, Habitat agrees to pay a fixed sum either monthly, quarterly, bi-annually or annually for the remainder of the annuitant’s life. You may establish either a one-life or two-life gift annuity.
An annuity may be established with a gift of $10,000 or more to Habitat for Humanity. In exchange for your gift, Habitat will pay a specified annuity to you or another beneficiary designated by you. The payout rate is determined by the age of the beneficiaries.
The older the annuitant is at the time of the gift, the higher the rate of return. Currently rates range from 5.2% for an individual 60 years of age to 9.5% for an individual aged 90 years or more.
Charitable Gift Annuity Rates
| One Recipient |
Two Recipients |
Two Recipients |
| Age |
Annuity Rate |
Same
Age
|
Annuity Rate |
Different
Ages |
Annuity Rate |
| 60 |
5.2% |
60 |
4.9% |
55/60 |
4.6% |
| 70 |
5.8% |
70 |
5.4% |
65/70 |
5.2% |
| 80 |
7.2% |
80 |
6.3% |
75/80 |
5.9% |
| 90+ |
9.5% |
90+ |
8.3% |
85/90+ |
7.5% |
Rates effective July 1, 2010
Advantages of supporting Indian River Habitat with a Gift Annuity:
- You can increase your cash flow
- Your payments return fixed for life
- You can receive and immediate income tax charitable deduction
- Your income is partially tax-free
- You can increase your current income if you use low-yielding securities or CD’s to fund your annuity
- You may defer or minimize capital gains tax on gifts of appreciated securities
CGA Example
Return to Planned Giving Home Page
| The planned giving professionals at Indian River Habitat for Humanity are available to assist you in the creation of a gift plan that best fits your financial circumstances. Please consult with a financial advisor to determine the best plan for your specific situation. If you have already included Indian River Habitat for Humanity in your estate plans or would like to receive more information please contact Peggy Gibbs at 772.562.9860 extension 209 or email us at plannedgiving@irchabitat.org. |
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