Charitable Gift Annuity Program

            A philanthropic tool to support favored charities while maintaining income from your gift for life.

In our promotion and facilitation of local philanthropy, the Washington County Community Foundation (WCCF) seeks to continuously improve upon our philanthropic services to donors and the community.  And, with our current marketing focus on the Next Generation of Philanthropy, it was obvious that the next donor service we should add to our  service menu was a Charitable Gift Annuity Program to enable our donors to support the Next Generation of Charity.

The WCCF Charitable Gift Annuity Program provides the vehicle for our donors to support their favorite charitable causes in the future while receiving a tax deduction today and maintaining an income stream for the rest of their lives. 

The annuity rates for the program are the suggested uniform gift annuity rates of the American Council on Gift Annuities.  Approved rates for gift annuities are very attractive, particularly in the current economic environment.  Payments may begin immediately or be deferred.  The minimum age for a gift annuity is 55.

                                                     Benefits of Gift Annuities

The benefits of a Gift Annuity include:

 · A current charitable deduction for a part of your gift.  This could be particularly helpful to offset           increased taxes incurred in conjunction with gas royalty payments.

 · The ability to bypass a portion of capital gains tax for gifts of certain assets.

 · Attractive annuity rates which are fixed and guaranteed for life.

 · The ability to support the charities that are important to you.

 · The ability to ensure your charitable legacy or that of a loved one.

 · Potential to increase your annual income in retirement particularly if you are contributing stock which pays minimal  dividends.

                                                                  How is the Residuum Used?

At the completion of the gift annuity term, the residuum (remainder) will be used for a charitable purpose you select.  Options are to:

 · Create a new fund at the WCCF to benefit a cause you select

· Add to an existing fund at the WCCF

· Provide a lump sum payment to another qualified charity including your church, community center, local library, volunteer fire department, etc...

                                               Charitable Gift Annuity Rates

                                                                 One Life

                                             AGE                                    RATE

                                                55                                       4.8%

                                                60                                       5.0%

                                                65                                       5.3%

                                                70                                       5.7%

                                                75                                       6.3%

                                                80                                       7.1%

                                                85                                       8.1%

                                                90                                       9.5%

                                                 * Rates are subject to change.

                                                         Personal Illustrations

If you would like to learn more about our Charitable Gift Annuity Program and its potential benefits for you, please contact us.  We will be happy to prepare a confidential and personalized illustration for your consideration.