Establishing a Charitable Gift Annuity

Overview:

One of the most common and popular ways to make a planned gift is with a charitable gift annuity. It is a simple contract between you and Pinellas Habitat for Humanity. In exchange for an irrevocable gift, Pinellas Habitat for Humanity agrees to pay one or two annuitants a fixed dollar amount each year for life. The amount is based on life expectancy: the older you are at the time of the gift, the greater the percentage can be. The general resources of Pinellas Habitat for Humanity guarantee the payments.

Please contact Bart Cobb at 727-536-4755, extension 203 or at barton.cobb@phfh.org for a charitable gift annuity proposal with Pinellas Habitat for Humanity.

Charitable gift annuities can be funded with cash, real estate, or appreciated securities. You receive a tax deduction based on your age, the payout rate, and the federal discount rate. If you use an appreciated asset, a portion of each payout will be capital gain, which is therefore spread out over your lifetime. Likewise, a part of each payment would be a tax-free return of principal, increasing the after-tax value of each payment. And because you have effectively removed the assets from your estate, you avoid estate taxes.

 
Features & Benefits

• Fixed payout offers the security of guaranteed income

• Attractive rate of return

• Minimum of $5,000 gift

• Can unlock appreciated assets for diversification or increased yield

• Professional asset management

• Opportunity to make a substantial gift to Pinellas Habitat for Humanity

• Favorable income tax position now and at retirement

• Immediate charitable tax deduction

• Estate tax and probate savings

Current gift annuity rates

Request a charitable gift annuity proposal.