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Charitable Gift Annuity Immediate
(Gift example*)

You hold a stock portfolio that has appreciated well but only pays you 2% income per year. You are now 70, and you are concerned that if you sell some of the stock to reinvest in bonds, capital gains taxes will cut heavily into the proceeds. You want to make a significant gift to the Law School Foundation, but you need the income that your portfolio provides you.

You would like to find a gift plan that will continue this income and increase it, if possible.

Here's a summary of the estimated income and tax benefits from this gift annuity:

Donor (Age 70)

Amount contributed (stock)

$50,000

Cost basis

$25,000

Gift annuity rate

5.1%

Annual payments

$2,550.00

Tax-free portion

$928.20

Capital gain

$928.20

Ordinary income

$693.60

Charitable deduction

$20,495.50

Click here to calculate the benefits a gift annuity would give you.

 

*This example is based on a factor that changes monthly. Contact our office for a personal illustration based on the latest rates.

For more information

Email us, or call us at 877-307-0158 (toll free) or 434-924-4514 (direct) so that we may answer your questions and help you through the process.


The materials provided in this website and the examples contained herein are for illustration purposes only and are not intended as legal or tax advice. We encourage you to consult your own legal and tax advisor.