Charitable Gift Annuities

Charitable Gift Annuities

When you decide to set up a gift annuity, you transfer cash or securities to Al Sigl Center and sign a simple, irrevocable contract that obligates the Al Sigl Center to make fixed payments for life. You may designate one or more of the Al Sigl Center agency - partners as final beneficiary of your gift annuity.

As a result, you will have the satisfaction of knowing you have provided support that will benefit the future of people with disabilities served by Al Sigl Center agency - partners.

You Will Be Entitled To:

	Lifelong payments with an attractive return rate for one or two people.
	Partially tax-free income, since part of your stream of payments is treated as return of principal (a cash gift maximizes tax-free return).
	An income-tax deduction.
	Elimination of capital gain on transfer of appreciated securities.
	Immediate or Deferred Payments. You may select your quarterly payments to begin immediately or you may choose to defer the payments until a later retirement or more convenient future date. A deferred gift annuity is an excellent means of supplementing retirement income. It also provides an immediate tax benefit while increasing retirement income on a tax favored basis.

Use of Securities Is a Smart Move

A Creative Use of CDs

This conversion is a simple transaction and can significantly enhance your financial situation. For example, if you have a $5,000 CD that is about to mature and that could be used to purchase a new 3% CD, you could instead use the $5,000 to create a gift annuity at a higher rate. This will result in increased spendable cash, the creation of an income-tax charitable deduction, partially tax-free income, and the satisfaction of knowing that you have assisted a worthy cause.

Click here to see how a charitable gift annuity may benefit your personal circumstances by using our new gift calculator. There is no obligation and the information you enter is completely secure and private.

Gift Annuity Exmaples

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