jump to article
AFB American Foundation
for the Blind 		TM  
Expanding possibilities for people with vision loss
Grandfather hugging his granddaughter Home > Donate > Planned Gifts

Planned Gifts

The Charitable Gift Annuity remains one of the most solid, reputable, and convenient ways for you to make a life income gift. The Charitable Gift Annuity has become very popular and AFB would like to take this opportunity to answer some common questions about this planned giving vehicle.

Do annuity payments rise and fall with the economy?
Annuity payments are part of a contract and remain fixed through the course of your life. Charitable Gift Annuities remain one of the best means of making a charitable gift that will provide you with fixed income for life!

Are Charitable Gift Annuities and Commercial Annuities the same thing?
Commercial Annuities and Charitable Gift Annuities operate on the same principal—an individual contracts with an organization to receive a fixed sum of money for their lifetime in return for a one-time investment. One benefit you enjoy with a Charitable Gift Annuity is that the initial investment qualifies as a "gift" with the IRS enabling you to enjoy an income tax deduction on the investment. Due to the fact that annuity return rates for Charitable Gift Annuities are slightly lower than return rates on Commercial Annuities, a portion of the Charitable Gift Annuity payments are tax free. Because of these tax deductions, you might find that a Charitable Gift Annuity is a better long term investment than a Commercial Annuity in spite of the lower rate of return. We would be happy to provide you with a Charitable Gift Annuity profile if you wish make a comparison.

Are Charitable Gift Annuity investments secure?
AFB's investment broker, TIAA-CREF, is insured by the New York State Insurance Commission—the strictest in the nation. Due to these stringent insurance policies you are guaranteed payment for life on your Charitable Gift Annuity.

AFB is a member of the National Committee on Planned Giving and subscribes to the ethics of this organization. These ethics require that AFB make certain that potential annuitants understand that they are making an irrevocable charitable gift in return for annuity payments, that they have the capacity to contract a Charitable Gift Annuity, and that the Charitable Gift Annuity has mutual benefit to them and to AFB.

If you would like to have AFB provide you with a personal Gift Annuity profile, or if you have questions about Charitable Gift Annuities, please call Karen Azeez, Director of Individual Giving at 212 502-7627.

Benefits on a $10,000 Single-life Charitable Gift Annuity

Consult your professional advisor when considering transactions. Rates are subject to change.

Age Annuity Rate Deduction
65 6.0% $3,756.70
70 6.5% $4,118.40
75 7.1% $4,563.60
80 8.0% $5,005.00
85 9.5% $5,331.20
90 11.3% $5,781.00

Narrative of Benefits on a $10,000 Single-life Charitable Gift Annuity

Description: There are three main column heads—Age, Annuity Rate, and Deduction. Also do note the following: consult your professional advisor when considering transactions. Rates are subject to change.

Age, 65; Annuity Rate, 6.0%; Deduction, $3,756.70

Age, 70; Annuity Rate, 6.5% Deduction, $4,118.40

Age, 75; Annuity Rate, 7.1% Deduction, $4,563.60

Age, 80; Annuity Rate, 8.0% Deduction, $5,005.00

Age, 85; Annuity Rate, 9.5% Deduction, $5,331.20

Age, 90; Annuity Rate, 11.3% Deduction, $5,781.00

Visit our web site at www.afb.org

Planned Gifts

Donate

  • Planned Gifts

Related Links:

Future is the time when hopes blossom
--Helen Keller
You can do your part to make hope and opportunity blossom for the many blind and visually impaired people who need us by making a donation now.


flower in bloom
Printer-Friendly Format E-mail to a Friend

Help expand possibilities for people with vision loss—Donate to AFB.
Having trouble reading the site? Check out the American Foundation for the Blind's accessibility options. You can change the colors on our site, increase the text size, and even change the font to something you find more readable. Screen reader users can move repetitive links out of their way, by pushing the navigation bar to the bottom of the page.
AFB would like to hear from you. Please contact us with your comments and suggestions.

Link to Us | Site Map | Policy Statement | Copyright © 2009 American Foundation for the Blind. All rights reserved.
Material provided on AFB.org is intended for information use only and is not a substitute for professional medical advice. If you have any concerns about your health, please contact your health provider. 		  Valid HTML 4.0!