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 partner agencies 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 the Al Sigl Center Partner Agencies.

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
Using appreciated securities for a charitable gift annuity can provide additional tax benefits. Since a portion of your gift is for charitable purposes, you will receive a tax benefit on that portion of the gift. In addition, any remaining capital gain will be reported in prorated amounts over your life expectancy. If you give a low-yielding asset, you may be able to increase your income, since a gift annuity may pay more and be taxed more favorably than other income.

A Creative Use of CDs
If you have a certificate of deposit that is nearing maturity, you may want to consider converting the funds into an Al Sigl Center Charitable Gift Annuity.

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.

Find Out More
If you would like to know more about how this program could work for you, please contact
Karen Gaffney at (585) 442-4102, ext. 8980.