Charitable Gift Annuities

Charitable gift annuities at the Jewish Community Foundation enable you to maximize your charitable giving by providing income now and creating a legacy for the future.

A gift annuity is a simple agreement under which a donor transfers cash or securities to the Jewish Community Foundation in exchange for the Foundation's promise to pay a fixed amount to the donor and/or another for life. The minimum amount required to establish a gift annuity with the Jewish Community Foundation is $10,000.

The payout rate is determined by the age of the income beneficiary(ies) and currently ranges from 5.0% to 9.5%. The older the beneficiary, the higher the annuity payment. The gift annuity rate table shows examples of current payment rates for individuals aged 60 and over.

Advantages of a gift annuity:

• You or another person you designate will receive income for life
  
• A portion of the annuity payments may be tax-free
  
• The payout rate is fixed for life and is backed by all of the financial resources of the Jewish Community Foundation
  
• You will receive an immediate income tax charitable deduction
  
• Your estate taxes may be reduced
  
• If you are the income beneficiary and make a gift of appreciated securities held more than 12 months, you avoid immediate capital gains taxes on the transfer
  
• You will have the satisfaction of creating a lasting legacy for the Greater Hartford Jewish community
  
• You will be invited to join the Foundation's Legacy Society