Basic Gift Illustration
Summary of Benefits: 5.1% Charitable Gift Annuity
ASSUMPTIONS:
Annuitant - 70
Cash Donated - $10,000.00
Annuity Rate - 5.1%
Payment Schedule - quarterly at end
BENEFITS:
Charitable Deduction - $3,469.30
Annuity - $510.00
Tax-free Portion - $410.55
Ordinary Income - $99.45
After 15.9 years, the entire annuity becomes ordinary income.
Summary of Benefits: 4.6% Charitable Gift Annuity
ASSUMPTIONS:
Annuitants - 70
Cash Donated - $10,000.00
Annuity Rate - 4.6%
Payment Schedule - quarterly at end
BENEFITS:
Charitable Deduction - $2,398.80
Annuity - $460.00
Tax-free Portion - $370.76
Ordinary Income - $89.24
After 20.5 years, the entire annuity becomes ordinary income.
IRS Discount Rate is 1.2%
These calculations are for illustration purposes only and should not be considered legal, accounting, or other professional advice. Your actual benefits may vary depending on the timing of the gift.
The following rate schedule can help illustrate payment you might enjoy from a CGA:
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The AAC offers free, customized illustrations to highlight the specific benefits you might receive from a charitable gift annuity. It only takes a few minutes and there is never any obligation whatsoever. A CGA does not make sense for everyone, but in the right scenario it can be the perfect way to lend your support.
To learn more, please contact us at 303-384-0110 or give@americanalpineclub.org.