In the midst of these economic challenges, charitably minded people have some options to brighten their economic future. Please consider charitable planning strategies such as Union's Charitable Gift Annuity.
Union’s Charitable Gift Annuity can provide:
- Guaranteed payments for your lifetime (and the lifetime of your spouse or the lifetime of a parent)
- Significant tax breaks
- Satisfaction in knowing that you’re supporting an outstanding college
Sample Rate Chart for a $20,000 Charitable Gift Annuity for one person
|
Annuitant Age at Gift |
Annuity Rate |
Charitable Deduction* |
Annual Payment |
|
65 |
5.3% |
$6,625 |
$1,060 |
|
70 |
5.7% |
$7,818 |
$1,140 |
|
75 |
6.3% |
$8,976 |
$1,260 |
|
80 |
7.1% |
$10,150 |
$1,420 |
|
85 |
8.1% |
$11,367 |
$1,620 |
|
90 |
9.5% |
$12,437 |
$1,900 |
*Deduction will vary slightly with changes in the IRS Discount Rate. Assumed rate is 3.4%
For a personalized illustration and more information please contact:
Gift Planning Office
(518) 388-6156