Turn Your Generosity Into Lifetime Income
Charitable Gift Annuities
When you are looking for ways to help Eden II & Genesis Foundation with our mission, you shouldn’t feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support the Foundation’s work while receiving fixed payments for life is a.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with the Foundation you can receive a variety of tax benefits, including a federal income tax charitable deduction.
Check Out This Potential Scenario
Say that Dennis, 66, and Mary, 65, want to make a contribution to the Foundation that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with the Foundation. Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction of $5,544* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions vary based on income earned.
- Contact Teresa Cirelli, Executive Director of the Eden II & Genesis Foundation, at firstname.lastname@example.org or 718-816-1422 x 1040 for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Foundation.
- Seek the advice of your financial or legal advisor.
- If you include the Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Foundation for the Advancement of Autistic Persons
Address: 15 Beach Street, Staten Island NY 10304
Federal Tax ID Number: 06-1277426