With a charitable gift annuity, you can make a gift that will help us achieve our goals for tomorrow while also supplementing your income today. And best of all, the set up isn't complicated.
Step 1: Finalize Your Charitable Goals
Think about your goals for our future and then determine what you wish to support. You may either specify your gift to benefit a particular program or leave the gift unrestricted, allowing our governing board to use your gift for our most pressing needs.
Step 2: Determine Which Asset to Donate
You can fund your gift annuity with cash or you can use stocks, bonds or another asset-it doesn't have to be straight-out-of-pocket. When making your decision, consider your asset's fair market value and cost basis. Also, compare the asset's income to the proposed gift annuity payments.
Step 3: State Who Should Receive the Payments
Gift annuities make lifetime payments you can never outlive. You can also provide payments for another individual-typically your spouse, but could also be a parent, adult child, family member or friend.
Step 4: Decide Your Payment Date
Your payments may begin immediately, or you can defer your payments into the future, such as five or 10 years from now. Deferring your payments benefits you by increasing your annual payout as well as your income tax deduction. You must also decide if you want to receive your payments quarterly, semiannually or annually.
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The rate of return is slightly lower for two lives because the period of payment generally is longer. *Please be advised that not all organizations offer CGAs at the above ages and rates. Contact Jewish Community Foundation of Los Angeles for current rates. |
Check Out Your Benefits
| Calculate how a charitable gift annuity can benefit you. |
| Calculate how a deferred charitable gift annuity can benefit you. |
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Contact Us
We would be happy to assist you in your charitable planning. Contact our Development Office at 323-761-8704 or development@jewishfoundationla.org to learn more about options that may work for you.
This article is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that the editor and contributors are not engaged in rendering legal, accounting or other professional services. Therefore, the contents should not be applied as legal or financial advice.