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The Spirit of Giving
Fundraising Update (pdf)

Charitable Gift Annuities

A.R.E. to Suspend Its Charitable Gift Annuity Program
as of June 30, 2015.

After offering Charitable Gift Annuities (CGA) as an investment option to our members for many years, we have decided to take a hiatus beginning July 1. If you have been working with the Development Office on a CGA before now, and are 75 or older, please contact them to secure yours by June 30. Thanks to all of you who have participated in supporting us in this way over the years.

What is a Charitable Gift Annuity?

In return for your giving cash or marketable securities, you and/or another beneficiary will be paid a fixed and dependable annual income for life. The annuity is determined by your age and whether paid to one or two beneficiaries. Gift annuities can be created for a minimum of $10,000.

How might a Charitable Gift Annuity benefit you?

  • The rate of return on a gift annuity is higher than Certificates of Deposit, and is unaffected by the stock market;
  • The ability to reinvest the sale of appreciated stock or mutual funds and provide an income while minimizing capital gains;
  • Insures dependable payments you can count on and that you cannot outlive;
  • Provides a generous immediate Charitable Deduction (that can be spread out over five years) as well as a portion of your annuity is tax-free;
  • A wonderful way to provide financial assistance to an elderly parent, sibling or other person in a tax-advantaged manner.

Charitable Gift Annuities

Immediate Tax Benefits and Annuity Payments

The following examples are based on the suggested rate of return from the American Council on Gift Annuities (ACGA), effective January 1, 2012, unchanged as of July 1, 2013. Please call A.R.E.’s Office of Development for your sample report based on your exact age. Ask about survivor options. There is a minimum investment of $10,000.

Example of a $25,000 Immediate Charitable Gift Annuity

Examples Rate Charitable Deduction Annual Annuity Tax-Free Portion
Age 81 7% $12,841 $1,750 $1,383
Age 76 6% $11,611 $1,500 $1,134
For a sample personalized report, please contact:
Patrick Belisle at (757) 457-7126 or
Marianna Theo at (757) 457-7215