Charitable Gift Annuities
We are pleased to partner with the Community Foundation of Herkimer & Oneida Counties, Inc. to offer charitable gift annuities.
Many charitably-minded individuals may want to support Tug Hill Tomorrow Land Trust but are often concerned about having enough income in retirement. Some may worry about elderly parents or a loved one who many need their support. Fortunately, it is possible to make a gift that actually increases current or future income AND benefits our mission.
A charitable gift annuity is a simple way to generate income and support our long-term priorities. In exchange for a gift of cash, marketable securities or other assets, The Foundation will pay a fixed dollar amount, calculated as a percentage of your gift. The payment rate for a charitable gift annuity depends upon the beneficiary’s age; the older the beneficiary, the greater the payment rate and the greater the annual income.
You may be interested in a charitable gift annuity if…
- You want to receive fixed payments for life
- You want payments that will not fluctuate during your lifetime
- You have assets that you are able to give away during your lifetime
- You want to reduce your current income taxes with a charitable tax deduction
For more information, please contact your financial advisor or call Linda Garrett, Executive Director, at (315) 779-8240 or email her at email@example.com and she will be happy to help you.
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