After working for decades as a pediatrician in a small town, Patrice is ready to retire. Patrice has enough saved for retirement, but she is concerned about the impact a drop in the stock market would have on her retirement savings.
Patrice: While I was working, I bought stock every year. Overall, this was a good investment strategy. The stock grew in value considerably. Now that I am retiring, I need a new strategy one that protects my savings so that my situation won't change even if the stock market were to falter.
Patrice spoke with a friend who recently set up a charitable gift annuity with her favorite charity. Patrice learned that in doing so, she would receive a good payout based on her age and that she would receive a charitable income tax deduction, and part of the payment from the annuity would be tax free.
Patrice: I transferred my stock to fund a charitable gift annuity. I was delighted with the fixed payment I receive now. I avoided part of the capital gains tax, and my CPA was pleased that my charitable deduction will save taxes this year. With my tax savings and increased income, my retirement finances have become more stabilized, and I feel great knowing that I'm helping JCF continue to serve the Southern New Jersey community.
Is a charitable gift annuity right for you?
The payout for charitable gift annuities will vary depending on your age at the time of donation. Please contact us
to inquire about current payout rates or if you have any questions about charitable gift annuities.
*Please note: The name and image above are representative of a typical donor and may or may not be an actual donor to our organization. Since your gift annuity benefits may be different, you may want to click here to view an example of your benefits