A WGBH gift annuity is very appealing if you have investments in low-yield assets such as bank CDs, bonds, or stocks. Contributing these assets to WGBH can significantly increase your income.
A gift annuity is a simple contract between you and WGBH. In exchange for your irrevocable gift of $10,000 or more in cash or securities, WGBH agrees to pay a fixed sum each year—for life—to one or two annuitants of your choosing. You qualify for an income tax charitable deduction in the year you make your gift. The amount of the deduction and payments are based on the age of the annuitant(s) and whether the payments are for one person or for two people.
A deferred payment gift annuity allows younger donors and annuitants to defer the start of payments until they have reached retirement age. Like an immediate payment gift annuity, you can take a charitable deduction in the year you make your gift. However, because payments are deferred, annuitants will receive substantially higher income payments later. The minimum age to begin receiving payments is 65.
This is one of two basic types of charitable gift annuities, each meeting different needs. You also may be interested in an immediate payment gift annuity.
For a complimentary illustration of how a gift annuity might benefit you, please contact the Office of Endowment and Planned Giving at email@example.com or 800-220-7122. WGBH is located at One Guest Street, Boston, MA, 02135.