CGA_0209 by flyboyor


									Charitable Gift Annuity
Benefits donor and community • Offers an immediate charitable income tax deduction • Provides a fixed annual income • Results in a partial tax-free return of principle on each payment received • Ensures that charities have a steady and permanent stream of income
A Charitable Gift Annuity is a simple agreement between a donor and the Madison Community Foundation Board of Governors. It is a unique opportunity to make a tax-deductible gift while receiving a lifetime annual income from that gift. The remainder of the Charitable Gift Annuity is used to create an endowment benefiting a charity or it is added to an existing endowment at Madison Community Foundation.

Individualized to your situation
A Charitable Gift Annuity is an irrevocable gift using cash, stock or other assets. An annuity may be created for one or two people, and annuity payments may begin immediately or can be deferred to a later time. Following are examples of current rates for a Madison Community Foundation Charitable Gift Annuity. One Life Age 60* 65 70 75 80 85 90 & over ----------------------------Rate 5.0% 5.3% 5.7% 6.3% 7.1% 8.1% 9.5% Two Lives Age 60/65 65/70 70/75 75/80 80/85 85/90 90 /95 ----------------------------Rate 4.8% 5.0% 5.3% 5.8% 6.5% 7.5% 9.0%

*Minimum age for establishing a Madison Community Foundation Charitable Gift Annuity.

If you want to complete a planned gift that benefits you and your favorite charity, call Madison Community Foundation to explore the option that’s best for you.

For more information,
Amy Overby Vice President-Donor Relations (608) 232-1763

Madison Community Foundation encourages, facilitates and manages long-term philanthropy
February 2009

To top