Earning high interest today is difficult, but you, or a loved one, can do it by establishing a Charitable Gift Annuity (CGA) with the Southwest Initiative Foundation. The donor receives increased income and a charitable tax deduction. Here’s an example of how it works:
- A 70-year-old contributes $10,000 to southwest Initiative Foundation or any of our 115 funds. (There is no limit to the amount you contribute.) We issue a contract to pay 5.1% fixed-income payments for life, backed by our net assets, which today are about $69 million.
- $3,946 of the $10,000 is recognized as a gift for a charitable tax deduction.
- $391 of the $510 yearly income received is tax-free for several years, making the effective annuity rate approximately 6%.
It is indeed a unique investment opportunity. If you or a loved one would like higher income from a safe investment, the Charitable Gift Annuity allows one to make a gift and receive higher income at the same time. You can feel confident because the rate at inception will not change.
Our payment table below is issued by the American Council on Gift Annuities for various ages.
Call 800-594-9480 or e-mail [email protected] to receive our free, no obligation booklet “Giving Through Gift Annuities.” We are a ready partner to help you invest in the things you care most about.
