Gift of IRA or Retirement Asset

What It Is: 

 

A Charitable Gift Annuity is a contractual agreement. An irrevocable gift of cash or marketable securities is made to any IT’S YOUR LEGACY partner(s). In return, the donor or one to two other annuitants receive a guaranteed income each year for life.

 

How It Works: 

 

An annuity payment is calculated based on the age(s) of the annuitants on the date of the gift and other factors. This income is paid for life, and then the remaining funds become a permanent legacy in your name.

 

Advantages:

 

• Guaranteed annuity payment for life, for you and/or your spouse or another
• You receive a significant charitable income tax deduction in the year of the gift and favorable tax treatment for the annuity income as it is paid
• You save capital gains taxes by funding Charitable Gift Annuities with gifts of appreciated property

To learn more, contact Ted Flaum at tflaum@stpaulfed.org or 651-695-3192.