Have you considered helping both The Region and your heirs via Planned Giving?
Planned giving utilizes a Charitable Gift Annuity (CGA) which is an uncomplicated contract between you and the ABC/VNH Region. When you give an irrevocable gift of cash, or marketable securities, ABC/VNH in turn pays one or two annuitants you name a fixed annual sum for your lifetime.
These unchanging payments are permanent and backed by the general assets of the ABC/VNH Region. CGAs begin when your agreement is signed and are oftentimes funded with appreciated assets. CGA rates are determined at the time the annuity is entered and based on age. Payments can be made on an annual, quarterly, or monthly basis.
What are the benefits?
The benefits of planned giving are significant. They include:
- Annuity payments which are not subject to any fluctuations in the economy
- Potentially qualify for a charitable deduction if you itemize your income taxes
- If your CGA is funded with appreciated assets, you may be taxed on only part of the capital gain
- Potentially reduced probate and estate taxes for your family or heirs
Interested in learning more?
Please send an email to the Region’s office and we can send you more detailed information via email or in the mail. Thank you for considering the ABC/VNH Region in your financial planning!