Charitable Gift Annuities (CGAs) allow you to provide for yourself and another loved one first—and your favorite charity later.
Here’s how it works: You make a donation to Agrace HospiceCare today and in return you receive a fixed amount for the rest of your life. The annuity payout rates are based on your age at the time the gift is made—the older you are, the higher the return. The rates are designed to ensure a fair return and that at least 50 percent of the initial principal of your gift will be available to Agrace upon your death.
Charitable gift annuities can also help lower your taxes. You receive a charitable tax deduction in the year you set up the gift annuity. In addition, the annuity payments you receive throughout your lifetime are partially income tax-free. Because they can be established for one or two people, charitable gift annuities also allow you to provide for a spouse, an elderly parent, or a friend in a tax-advantaged manner.
Through Agrace’s Charitable Gift Annuity program, you will enjoy the benefits of your investment today and make a future gift to Agrace.
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