A WGBH gift annuity is very appealing if you have investments in low-yield assets such as bank CDs, bonds, or stocks. Contributing these assets to WGBH can significantly increase your income.
A gift annuity is a simple contract between you and WGBH. In exchange for your irrevocable gift of $10,000 or more in cash or securities, WGBH agrees to pay a fixed sum each year—for life—to one or two annuitants of your choosing. You qualify for an income tax charitable deduction in the year you make your gift. The amount of the deduction and payments are based on the age of the annuitant(s) and whether the payments are for one person or for two people.
With an immediate-payment gift annuity, your payments begin as soon as the contract takes effect. For example, if quarterly payments are elected, payments begin at the end of the quarter in which you make your gift. The minimum age for an immediate payment gift annuity is 65.
This is one of two basic types of charitable gift annuities, each meeting different needs. You also may be interested in a deferred payment gift annuity.
For a complimentary illustration of how a gift annuity might benefit you, please contact the Office of Endowment and Planned Giving at email@example.com or 800-220-7122. WGBH is located at One Guest Street, Boston, MA, 02135.