Broward County Community Foundation Logo Broward County Inspiring Philanthropy over 25 years
Sign Up for Our Newsletter Broward County Community Foundation Contact Us Broward County Community Foundation Site Map     Broward County Community Foundation Search Button
Broward County COmmunity Foundation
        



GiftLaw

PhilNet Login page

Ways to Give

Resources For Advisors

Your Philanthropy


© Copyright 2017 by Community
Foundation of Broward
Privacy and Security Policies
 

Charitable Gift Annuity


A Charitable Gift Annuity is both a charitable gift and an annuity that makes payments to the donor. It is less complex than a trust and much easier to establish. A Charitable Gift Annuity can be the perfect solution when someone wants to:
  • Receive quarterly payments 
  • Connect to a cause that matters
  • Earn maximum tax benefits 
  • Preserve your name forever
The annuity is backed by the assets of the Community Foundation of Broward. Payments are sent to the donor in quarterly installments by check or direct deposit. Charitable Gift Annuities are established with an irrevocable gift of cash or other marketable assets. The minimum contribution is $25,000, and the annuitant must be at least 50 years old when the gift is made.
 
The gift annuity entitles the donor to an immediate charitable deduction based on the size of the gift, age and income tax bracket. You can bypass a portion of the capital gains tax when giving appreciated assets, and a portion of the payments are tax-free.
 
Deferred gift annuities are also available, and by delaying annuity payments, income from these are often significantly higher.  Our Philanthropic Services department will gladly produce estimates for you upon request.
 

Charitable Gift Annuity Illustration
based on a $100,000 gift

Age

Annuity Rate

Annual Payment

Tax Free Portion

65

4.7%

$4,700

$3,093

70

5.1%

$5,100

$3,534

75

5.8%

$5,800

$4,199

80

6.8%

$6,800

$5,127

85

7.8%

$7,800

$6,217

90

9.0%

$9,000

$7,407


Our Philanthropic Services department will gladly prepare a personal, custom illustration using your specific information upon your request.
 

This educational illustration is not professional tax or legal advice; consult a tax advisor about your specific situation.
 
 
 
 
 
 
   
Broward County Inspiring Philanthropy over 25 years