Create Income and Help Chi Phi Brothers

By April 30, 2014Uncategorized

The last five years have brought uncertain economic times for many Americans.  Coupled with interest rates at historic lows, now is the perfect time to consider a charitable gift annuity. A charitable gift annuity can supplement your income; reduce gift, estate and income taxes and allow you to make significant gifts to charities that are important to you, such as Chi Phi.

What is a gift annuity?

A charitable gift annuity is a simple contract by which Chi Phi promises to pay a fixed amount each year to you and/or another person for life in exchange for a gift of cash or securities. Payments may be made annually, quarterly or monthly to fit your preference. On the death of the surviving beneficiary, the remaining assets (or the charitable remainder) become available to Chi Phi to support the educational program, Chapter, scholarship or other program of your choosing.

Helping those you love

A gift annuity allows a variety of options and Chi Phi staff can help you determine what best fits your needs. A gift annuity can be set up to provide income for your lifetime or you have an option of arranging a gift annuity with income for one other person.  You can guarantee income for your life or your surviving spouse or special loved one.

How to establish a gift annuity

When establishing a charitable annuity, you can choose whether to designate a specific use for your gift, such as your Chapter or a scholarship, or you can leave it unrestricted. Giving cash is the simplest way to fund your charitable gift annuity. With cash, you will benefit from immediate tax savings and a portion of each payment may be received income tax free.  Securities that have increased in value but still yield less than desirable income might be another good choice for funding your gift annuity. Real estate and other real assets can also be used to fund a gift annuity. Normally the non-cash assets are sold and reinvested to produce annual payments to you or your named beneficiary.

For more information about establishing your gift annuity and ensuring life income, contact Director of Development, John Fisher at 404.231.1824 or fisher@chiphi.org.

Charitable Gift Annuity Annual Payment Rates

Single Life Rates

Two Life Rates

70

5.1%

70 & 75

4.8%

75

5.8%

75 & 79

5.3%

80

6.8%

80 & 83

6.0%

85

7.8%

85 & 87

7.0%

90+

9.0%

88 & 90

7.9%

 
Is a Charitable Gift Annuity Right for You?

Would you like to receive regular, stable income for life or to provide regular income for someone else, such as a spouse or other loved one?
Are you in a position to irrevocably transfer cash, securities or real property to Chi Phi?
Are you interested in reducing your income tax burden or capital gains tax burden, as well as reducing future estate taxes and probate fees?
Do you want to change the lives of Chi Phi Brothers for generations to come?

If you answered yes to any of these questions, a gift annuity might be right for you.  Contact Director of Development, John Fisher at 404.231.1824 or fisher@chiphi.org for more information.

 




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