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Highest Rates in 16 Years: The Amazing Benefits of the Charitable Gift Annuity

It's the best time in a long time to consider the gift that pays you: a charitable gift annuity.

Payout rates went up again Jan. 1, 2024, and are higher than they have been in 16 years. Seize the moment by considering this amazing gift that provides you with stable, regular income—regardless of the economy.

After your lifetime, the remaining amount becomes part of your legacy at North Cross School, allowing us to thrive far into the future.

How It Works

With a gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. You’ll receive reliable, predictable payments for your lifetime (and the lifetime of a loved one, if you choose).

For Example

Barbara, 72, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,650, a rate of 6.6%.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Build Your Own Gift Annuity

Now calculate your benefits! Input a few details and see how a gift annuity can benefit you.

Gift Annuity Rate Charts

One Recipient

Age Annuity Rate
60 5.2%
65 5.7%
70 6.3%
75 7.0%
80 8.1%
85 9.1%
90+ 10.1%

Two Recipients

Ages Annuity Rate
60/65 4.8%
65/70 5.2%
70/75 5.8%
75/80 6.5%
80/85 7.3%
85/90 8.7%
90/95+ 9.9%

These rates are subject to change. Please contact us for a personalized illustration.

Additional Benefits

With this gift, you’ll also enjoy:

  • A partial income tax charitable deduction for your gift when you itemize.
  • Part of each payment being income tax-free throughout your estimated life expectancy.

Tip: You Have Funding Options

Give Appreciated Assets

Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support our work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities. And if you have stocks that produce low-yield dividends, you may be able to increase your income.

Give From Your IRA

If you are 70½ or older, you can make a one-time election for a qualified charitable distribution of up to $53,000 (without being taxed) from your IRA to fund a gift annuity. Special rules apply, so contact William Greer at (540) 676-7477 or wgreer@northcross.org for more details.

Request Your Personalized Example

We would be happy to send you a free, no-obligation calculation showing you the increased benefits you can receive from a gift annuity. Your personalized calculation will include your potential income tax charitable deduction and our annual payments to you for life. Contact William Greer at (540) 676-7477 or wgreer@northcross.org to begin.

Calculate Your Benefits

Input a few details and see how a gift annuity can benefit you.

See My Benefits

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