Gift Annuity
A charitable gift annuity is a secure retirement income solution. We work with a certified third-party entity that will administer the annuity and pay you fixed payments (with rates based on your age) for the rest of your life.
Benefits of a charitable gift annuity
- Receive fixed payments to you or another annuitant you designate for life
- Receive a charitable income tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Further the charitable work of Oceana, Inc. with your gift
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to support Oceana.
You have the option to transfer cash or property to an organization of your choice that manages annuities, or we can suggest one for you. In return, you will receive fixed lifetime payments, with the amount determined by your age. You will also receive a charitable income tax deduction for the gift portion of the annuity, along with the satisfaction of knowing your contribution supports our mission.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact your financial advisor to inquire about other assets that you might be able to use to fund a charitable gift annuity.
Gift annuity options
Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property as early as this year.
Deferred charitable gift annuity (for payments at future date). A deferred charitable gift annuity allows you to postpone receiving payments until a future date, such as your retirement. By setting up the annuity now, you can receive a charitable income tax deduction this year, while deferring payments to a later time. The advantage is that, because you've deferred the payments, your annual payment amount will be higher when it begins compared to a current gift annuity.
A flexible deferred charitable gift annuity offers you the flexibility to choose when the payments begin. Like a deferred gift annuity, you set up the annuity today and receive a charitable deduction this year, but you have the option to start receiving payments whenever you choose in the future.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions. [email protected]