Charitable gift annuity

Types of Gift Annuities

 * Immediate Gift Annuity


 * Deferred Gift Annuity


 * Tuition (College) Annuity


 * Flexible (Deferred Payment) Gift Annuity

Example Quote
University of Virginia	Thursday, September 04, 2008 Deduction Calculations Summary of Benefits

Gift Annuity ASSUMPTIONS Beneficiary Age(s):	65 Gift Amount:	$50,000.00 Cost Basis:	$25,000.00 Gift Date:	9/4/2008 Payment Rate:	5.7 % Payment Schedule: Quarterly

________________________________________

BENEFITS Charitable Deduction:	$17,273.00 Annual Payment:	       $2,850.00 Tax Free Portion:	$822.22 Capital Gain Income:	$822.23 Ordinary Income : 	$1,205.55

After 19.9 years, the entire annuity becomes ordinary income. Total reportable capital gain of $16,363.50 must be reported over 19.9 years. Partial payments for the year of gift will depend on the timing of your gift. IRS Discount Rate is 4.2 %

Links

 * American Council of Gift Annuities
 * Investing Charitable Gift Annuity Assets
 * Suggested Charitable Gift Annuity Rates, Effective July 1, 2008 through June 30, 2009.