AAFAmarillo Area FoundationPhilanthropyTexas PanhandleThe Panhandle

Charitable Gift Annuities – Plan Today for a Future You Can Count On

By June 11, 2018 February 13th, 2019 No Comments

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.

Benefits of a charitable gift annuity

  • Receive fixed payments to you or another annuitant you designate for life
  • Receive a charitable income tax deduction for the charitable gift portion of the annuity
  • Benefit from payments that may be partially tax-free
  • Further the charitable work of Amarillo Area Foundation with your gift

How a charitable gift annuity works

A charitable gift annuity is a way to make a gift to support Amarillo Area Foundation.

  1. You transfer cash or property to Amarillo Area Foundation.
  2. In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. You also receive satisfaction, knowing that you will be helping further our mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity. To calculate what your benefits might be, please visit our website.

Contact us

If you have any questions about charitable gift annuities, please contact Trent at trent@aaf-hf.org or call 242-031. Or, contact Amy at amy@aaf-hf.org or 242-0305. We would be happy to assist you and answer your questions.

 

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