The Charitable Gift Annuity – The Gift That Gives Back
A charitable gift annuity is a simple contract between you and Volunteers of America in which you transfer cash or securities in exchange for a fixed income each year for the rest of your life.
Your gift annuity offers four distinct advantages:
A lifetime of payments – at attractive payout rates;
Charitable deduction – a large part of what you transfer is a deductible
charitable gift for those who itemize;
Tax – free income – part of your annual payments is tax-free return of principle;
Personal satisfaction - from making a significant gift to Volunteers of America.
Examples of Single-Life Gift Annuity Rates
|
Age of Donor
|
Payout Rate
|
Age of Donor
|
Payout Rate
|
|
55
|
5.5%
|
75
|
7.1
|
|
60
|
5.7
|
80
|
8.0
|
|
65
|
6.0
|
85
|
9.5
|
|
70
|
6.5
|
90+
|
11.3
|