CHARITABLE GIFT ANNUITY

 

The charitable gift annuity pays you fixed payments based on your age. The older you are, the greater your annuity rate. Gift annuity may be the simplest and most affordable gift that pays you back. The charitable gift annuity is easy to create. They gift agreement is a simple contract between you and the Council of Churches of the City of New York; you make a gift to the Council of Churches of the City of New York and we agree to pay you a fixed amount for life.

Advantages:

    1. You will receive a charitable income tax deduction when you create a gift annuity, based on the fair market value of the assets you contributed minus the current market value of the life income intrest you retained.

    2. If you fund your charitable gift annuity with appreciated securities, no upfront capital gains tax is due.

    3. Part of each payment will be treated as the tax free return of principle.

To learn more about Charitable Gift Annuity, Email us or call us at (212) 870-1020 so that we can assist you

 

 


Bringing together the New York City leadership of Christian Denominations and Borough Councils of Churches, including:
Anglican, Baptist, Congregational, Disciples, Lutheran, Methodist, Moravian, Orthodox, Pentecostal, Presbyterian, Reformed, and
Independent Churches

 

475 Riverside Drive Ste 727

New York, NY 10115-0070

212-870-1020

FAX 212-870-1025

cccny@cccny.net

 

 

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