If you have ever considered setting up a Charitable Gift Annuity (CGA), now is a great time to do it as rates recently went up! CGAs are a great way to create a lasting legacy with Junior Blind and receive a fixed lifetime income.
Benefits of a CGA include:
- Guaranteed income for life with rates that never decrease
- A substantial charitable tax deduction for the gift portion of your contribution
- Tax deductions on a portion of your ongoing income from the annuity
Payout rates are based on your age and noted below:
| Sample Gift Annuity Rates (as of July 1, 2011) | |
| Single Beneficiary Age | Payout Rate |
| 65 | 5.3% |
| 70 | 5.8% |
| 75 | 6.5% |
| 80 | 7.5% |
| 85 | 8.4% |
| 90+ | 9.8% |
To learn about more ways to support the important work of Junior Blind through a planned gift, please contact Bonnie E. Harris, Esq. at (323) 290-6294.
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