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A GIFT ANNUITY...
- Is designed for individuals 60 years of age and older;
- Is a nonrevocable gift to a charitable, educational or religious organization;
- Provides fixed payments for life;
- Has a minimum of $5,000;
- Offers attractive rates of return and certain tax advantages;
- Can cover one or two persons; and
- Provides a gift of lasting significance.
Gift Annuity Return Rate Far Surpasses CD Rate
A 75-year-old purchaser of a 5-year certificate of deposit will receive, at the most, a
5% rate of return. A 75-year-old donor to a charitable gift annuity through the Foundation will receive a
7.1% guaranteed income for life. An 80 year old donor would receive 8%
guaran-teed income for life. Part of the donation is tax-free and comes with an instant tax deduction.
As CD rates and the stock market continue to be uncertain, individuals and couples 60 years of age and older are discovering a safer alternative-they can support their favorite charity while securing a risk-free income for life.
The amount of income a person will receive is determined by life expectancy based on donor age, the amount of the gift, and the applicable Federal rate.
The minimum investment for a gift annuity through the SMCCC Foundation is $5,000. If you would like more information on this risk-free investment that will allow you to support the Foundation call (650) 574-6229.
Examples of Single-Life Gift Annuity Rates
Age of Donor |
Rate of Return |
Age of Donor |
Rate of Return |
60 |
5.7% |
76 |
7.2% |
62 |
5.9% |
78 |
7.6% |
64 |
6.0% |
80 |
8.0% |
66 |
6.1% |
82 |
8.5% |
68 |
6.3% |
84 |
9.2% |
70 |
6.5% |
86 |
9.9% |
72 |
6.7% |
88 |
10.6% |
74 |
6.9% |
90 and over |
11.3% |