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Marion Community Foundation

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November 13, 2023 by [post_author_posts_link_outside_loop]

Charitable Gift Annuities

The Best of Both Worlds — Income Now, Charity Later

A charitable gift annuity is a life income gift with components of both a charitable gift and a financial investment. Charitable gift annuities are a good fit for donors who hold assets that would make beautiful gifts at some time in the future, but currently need those assets for income. Life income gifts, such as these, can increase your income for life, give you a generous charitable contribution for the year of the gift, and, if the gift is stock, avoid capital gains taxes.

Through a partnership with the Columbus Foundation, Marion Community Foundation offers charitable gift annuities as an option for our donors to create a legacy fund and a lifetime stream of annual income. Based on established annuity rate tables, income from this type of arrangement is typically greater than securities or CDs.

By establishing a charitable gift annuity of $10,000 or more, you will receive a fixed and guaranteed payment for the remainder of your lifetime. After the death of the donor (and spouse), the remaining balance goes into the charitable endowment fund created at Marion Community Foundation. Your fund will ensure your charitable intentions are fulfilled in perpetuity.

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