A charitable gift annuity is a simple contract between you and Georgia Sheriffs’ Youth Homes Foundation, Inc. whereby the donor irrevocably transfers assets (cash or securities) to the charity in return for the charity’s agreement to pay the designated annuitant(s) fixed payments for life. The fixed dollar amount paid to the annuitant(s) depends upon the age(s) of the annuitant(s) at the time of the gift and remains constant for life. Cash gifts allow maximum tax-free payments and gifts of securities minimize capital gains taxes.
Benefits Include:
- Income for Life – at attractive payout rates for one or two lives;
- Tax Deduction Savings – a large part of the donation is a deductible charitable gift;
- Tax-free Payout – a large part of the annual payment is tax-free return of principal;
- Capital Gains Tax Savings – contributions of securities for a gift annuity, minimize taxes on “paper profit;
- Personal Satisfaction – from making a gift of lasting significance.
You can choose on a one or two life annuity and how frequently payments will be made – quarterly, semi-annually; annually; cash or securities to fund your gift. The older the annuitant, the higher the rate of return. The annuitant(s) age is as of his/her closet birthday. The rate of return is the same for men and women.
The following chart shows rates of return by age of the donor for a one-life gift annuity for a $10,000 (minimum) cash gift. Georgia Sheriffs’ Youth Homes Foundation pay the rates of return recommended by the American Council on Gift Annuities (ACGA), an association of charities offering gift annuities.
ONE-LIFE ANNUITY RATES
| Age | Rate | Age | Rate | Age | Rate |
| 60 | 5.2 | 71 | 6.4 | 82 | 8.5 |
| 61 | 5.3 | 72 | 6.6 | 83 | 8.7 |
| 62 | 5.4 | 73 | 6.7 | 84 | 8.9 |
| 63 | 5.4 | 74 | 6.8 | 85 | 9.1 |
| 64 | 5.6 | 75 | 7.0 | 86 | 9.3 |
| 65 | 5.7 | 76 | 7.2 | 87 | 9.5 |
| 66 | 5.8 | 77 | 7.4 | 88 | 9.3 |
| 67 | 5.6 | 78 | 7.6 | 89 | 9.9 |
| 68 | 5.7 | 79 | 7.8 | 90+ | 10.1 |
| 69 | 6.2 | 80 | 8.1 | ||
| 70 | 6.3 | 81 | 8.3 |
For more detailed information on Gift Annuity rates, please visit: https://www.acga-web.org/upcoming-gift-annuity-rates.
Please consult with your attorney, accountant or other professional advisor to obtain all the necessary information needed to make the decision whether a gift annuity is appropriate for you. Please contact us, we would be pleased to provide you with additional information on the current rates for one-life and two-life charitable gift annuities.
Please remember the Georgia Sheriffs’ Youth Homes Foundation in your will.