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Charitable Gift Annuity - Now Paying Higher Rates

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity can provide stability for your retirement while allowing you to leave a legacy of Gorge protection.

A charitable gift annuity is a gift made to Friends through the Oregon Community Foundation that can provide you with a secure source of fixed payments for life. You may have heard that charitable gift annuity rates have risen recently, which is another reason Friends donors are taking a look at gift annuities.

You have several options for funding a charitable gift annuity. In addition to fixed payments for life you will also receive numerous tax benefits.

Charitable Gift Annuity
Stock or Cash
Gift Annuity
Donor
Friends of the Columbia Gorge
Charity image
Annuitant Age Single Life Annuity Rate
60 4.7%
65 5.1%
70 5.6%
75 6.2%
80 7.3%
85 8.3%
90+ 9.5%

Tax Benefits of a charitable gift annuity

  • Receive a charitable income tax deduction in the year you make the gift.
  • A portion of your annuity payment is tax-free for your life expectancy.
  • Receive a partial elimination of capital gains taxes when you use appreciated assets to fund an annuity.

How a charitable gift annuity works

A charitable gift annuity is a contract between you and the Oregon Community Foundation (OCF) on behalf of Friends of the Columbia Gorge.

  1. You transfer cash or appreciated securities to OCF.
  2. In exchange, OCF signs an annuity contract and promises to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. You also receive satisfaction in knowing that you will be helping further Friends' mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Contact us

If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.

Please seek the specific advice of your tax advisor, attorney, and/or financial planner to discuss the application of these topics to your individual situation.

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