Charitable Gift Annuity

 

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 the Western Massachusetts Council, Boy Scouts of America with your gift

How a charitable gift annuity works

A charitable gift annuity is a way to make a gift to support the Western Massachusetts Council, Boy Scouts of America.

  1. You transfer cash or property to the Western Massachusetts Council, Boy Scouts of America.
  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.

Have any Questions?

If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.

 

The Western Massachusetts Council, Boy Scouts of America does not provide legal or tax advice. All material is presented solely as educational information. Examples of tax benefits are based on assumptions that might not apply to your individual circumstances. We recommend that you seek the advice of your attorney, tax advisor, and financial planner in connection with all gift and estate planning matters.

 

 

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