Charitable Gift Annuities
Establish a Special Legacy
Charitable Gift Annuities are our most popular life income gift. Benefits include:
- A fixed annual income for yourself (and/or another person you choose) for life
- Possibly increased annual income if your gift is funded with low-yielding assets
- Some tax-free income through annuity payments
- An income tax deduction in the year you establish the gift annuity
- Eliminate a portion of your capital gains tax by funding your gift with appreciated marketable securities
- Possible estate tax savings
How Does it Work?
A simple agreement between you and the Alvin Ailey Dance Foundation, a charitable gift annuity is an irrevocable gift of cash or marketable securities to the Ailey organization. In return, the Foundation will pay you a fixed annuity for life. The annuity rate is determined by the age of the annuitant(s) at the time payments begin. Current gift annuity rates range from 5.7% for a 60 year old, and 9.5% for an 85 year old.
Types of Gift Annuities
Gift annuities can be immediate or deferred.
Immediate: annuitant starts receiving annuity payments in the year the gift is made.
Deferred: annuitant starts receiving payments at a self-specified future date.
Deferred payment can be an attractive way for you to make a gift to the Ailey now and generate an enhanced rate of retirement income later on.
The minimum contribution required to establish a charitable gift annuity with the Ailey is $10,000. You must be at least 60 when payments begin.
Email us or call 212-405-9030 for a personalized illustration detailing how a charitable gift annuity can work for you. (Please include contact information, birth date, and sample amounts).