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Charitable Annuities & Remainder Trusts

Charitable Annuities

A charitable gift annuity (CGA) allows you to support the Foundation for VPS while receiving fixed income payments for life.

Not only does this gift provide you and up to two beneficiaries with annual income and allow us to further our work, but when you establish a CGA to benefit the Foundation you can also qualify for a variety of tax benefits, including a federal income tax charitable deduction.

You can establish a CGA to fit your needs and maximize benefits:

Create increased income for retirement
Reduce capital gains taxes by funding a CGA with appreciated stock
Invest in the Foundation for VPS

Plan For Retirement With a Deferred Gift Annuity

If you are younger than 60 or don’t need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement.

Charitable Remainder Trust

If you have built a sizable estate and also are looking for ways to receive reliable payments, consider a charitable remainder trust.

These types of gifts may offer you tax benefits and the option for income. There are two ways to receive payments and each has its own benefits:

The annuity trust pays you, each year, the same dollar amount you choose at the start. Your payments stay the same, regardless of fluctuations in trust investments.
The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. The amount of your payments is redetermined annually. If the value of the trust increases, so do your payments. If the value decreases, however, so will your payments.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

Tools

This is general information we are happy to discuss further. We do however recommend you review your charitable gifting plans with your financial advisor, and/or estate attorney, to best understand how a charitable gifting strategy could benefit you.

Charitable Annuities & Remainder Trusts