Charitable Gift Annuity

What it Means

A charitable gift annuity is an agreement between a donor and the Asbury Foundation. Under the terms of a gift annuity agreement, The Foundation agrees to pay a fixed lifetime annuity payment to one or more beneficiaries in exchange for the donor’s charitable gift to benefit Asbury after the death(s) of the beneficiar(ies). In addition to the annuity payment, the donor also receives a current income tax deduction for part of the gift’s value.

How It Works

1. You transfer cash or securities to the Asbury Foundation
2. The Asbury Foundation pays you, (or annuitants you name), fixed payments for life
3. The principal passes to the Asbury Foundation when the contract ends

Benefits

Allows you to….

• Have an immediate income tax deduction for a portion of your gift
• Receive annuity payments guaranteed for life, backed by a reserve and the assets of the Asbury Foundation
• Have fixed and predictable payments
• Treat your annuity payments as part ordinary income, part capital gains income (15%) and part tax-free income, depending on the assets used to fund the annuity
• Have the satisfaction of making a significant gift that benefits you now and the Asbury Foundation later

The content provided on The Asbury Foundation site is not offered as legal or tax advice. Examples of tax benefits may or may not apply to your own situation at the time of your gift. The Asbury Foundation urges donors to seek the advice of a tax advisor, attorney, and/or financial planner to make certain a contemplated gift fits well into your overall circumstances and planning. All material is presented solely as educational information and is not a solicitation or offer.