Charitable Gift Annuities Offer Income and Security for a Lifetime

Carla and Paul Peperzak from Spokane, Washington, decided when they both turned 75 that it was the right time to complete their first charitable gift annuity. Paul had received superb care as a patient at National Jewish, and the couple saw a charitable gift annuity as an excellent opportunity to support National Jewish while receiving a guaranteed income. They wanted an investment with a low level of risk and high level of income, comparable to the treasury bond they planned to use to purchase the annuity.

They locked in an 8.0% fixed return with a guaranteed annuity. Therefore, they receive an annual income of $1,011 on their investment of $12,645, some of which is tax-free. In addition, they received a $3,236 charitable tax deduction to lower their income taxes. Finally, they were able to make a gift to one of their favorite charities, National Jewish.

Charitable gift annuities are one of the more popular ways you can choose to make a difference, while also helping your own financial situation. Charitable gift annuities provide you with a high rate of guaranteed, fixed income for the rest of your life. In most cases, you can obtain two to three times the rate you would find for a comparable risk-free investment in the market, such as CDs and money market accounts. It is for this reason, among many others, that people find it very attractive to obtain these annuities with a high rate of income while supporting National Jewish.