A charitable gift annuity gives you the opportunity to
make a gift to a charitable organization, such as Palmer
College, and receive a fixed income for life, or for the
lives of two people, based on the stipulated rate of interest
and the life expectancy of the recipients.
Charitable gift annuities can be made by donating cash,
shares of stock, a Certificate of Deposit, land, paid-up insurance
policies or other assets. The annual amounts paid are
usually determined by reference to a recommended rate.
There are definite advantages to charitable gift annuities.
Donors receive a charitable income tax deduction based
on the gift’s remainder value. Also, the payout is a fixed
rate and never varies, and a portion of the payment may
not be taxable.
For more information on charitable gift annuities, talk to
a qualified financial planner or estate planning attorney.
For assistance with making a charitable gift to Palmer,
contact Senior Development Officer Lois Kundel at (800)
722-2586. At the prompts, press 3, then press 4. Or e-mail
Lois at firstname.lastname@example.org.