Charitable Gift Annuity Rates on the Rise
Here is a New Opportunity to Make a Difference!
We just received some exciting news we would like to share with you that can boost your retirement income while supporting HSN. Effective July 1, 2022, charitable gift annuity rates will increase.
How It Works
The concept is simple. You make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. With this type of gift, you can feel secure knowing you can count on receiving stable payments for as long as you live, despite market fluctuations. And now, if you make your gift on or after July 1, the gift annuity rates will be an estimated 0.4% to 0.6% higher than they are now.
Here’s an Example of How You May Benefit
Under the current rate schedule, Mary, 79, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,550, a rate of 6.2%. Instead, if Mary waits to make her gift on or after the new rate schedule is in place on July 1, the same gift amount will provide $1,700 in annual payments, reflecting a 6.8%. rate. That’s a payout rate increase of 0.6%.
In addition to the opportunity to increase your retirement income as you help shape our future, gift annuities offer you numerous tax benefits, including:
- A partial income tax charitable deduction for your gift when you itemize.
- Part of each payment is income tax-free throughout your estimated life expectancy.
- Capital gains tax savings on appreciated property you donate.
You are our future. Please contact me or your financial advisor to discuss how a charitable gift annuity allows you to make a gift and provides you, and another person if you choose, with secure payments for life. This is one great way to help save innocent lives that can have a benefit for you at the same time.
Kim Hanson
Senior Philanthropy Officer
Humane Society Naples
(239) 438-4624
kim.hanson@hsnaples.org
Kim Hanson joined HSN’s Community Affairs team as Senior Philanthropy Officer last July. With more than 40 years in the nonprofit development field, Kim had served for the past 7 years as the Major & Planned Giving Officer for Peggy Adams Animal Rescue League in Palm Beach County. She posts a monthly blog on our HSN website about ways of saving the precious lives entrusted to us through a variety of charitable giving vehicles.