 MOOSE CHARITIES
Forward in the Good, Onward in the Right
Income for You—and a Gift for the Children of Mooseheart!
Look Into Charitable Gift Annuities from Moose Charities
By DOUGLAS ANDERSON
Director of Philanthropy, Moose Charities
> FIn the current investment climate, more and more donors have been turning to charitable gift annuities as a way to achieve numerous personal, and charitable, objectives. A Charitable Gift Annuity from Moose Charities can offer the following benefits:
• Higher rates of return than savings accounts or Certificates of Deposit (CDs).
• Creation of an income stream from risky, poorly-performing stocks, or accounts that generate little interest income.
• A fixed lifetime income.
• Freedom from worries about the stock market, interest rates, or investment returns.
• Partial tax-free income for a period of years.
• A significant Charitable Tax Deduction.
• An important gift to help the children of Mooseheart.
Let’s look at an example of how a Charitable Gift Annuity works:
Pat is an 80-year-old Moose member who is dedicated to making a difference in the lives of children by supporting Mooseheart. However, his investments have not done well in recent years; interest on his bank savings accounts have fallen to about 1% annually, and CDs are earning only 1 to 3% annually. Pat wants to continue to support Mooseheart—but just can’t see how to continue donating and still live securely.
A Charitable Gift Annuity from Moose Charities is a practical solution. By creating a $10,000 charitable gift annuity with Moose Charities, this loyal Moose member will receive the following benefits:
• Fixed annual return of 8%, resulting in payments of $800 annually.
• An effective annual return of 11.2% (8% plus 3.2% because of a partial tax-free return).
• An immediate tax deduction of $4,750.
Payout rates are based on the age of the donor or donors; current rates are show in the table on this page. (Charitable Gift Annuity rates are subject to change.)
Gift Annuity Rates
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Age
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Rate(%)
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Yearly annuity payments ($10,000 investment)
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60
65
70
75
80
85
90 |
5.7
6.0
6.5
7.1
8.0
9.5
11.3 |
$570
$600
$650
$710
$800
$950
$1,130
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Note: Charitable Gift Annuities may not be available in all states and provinces.
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| Call 630/966-2200 for more information |
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Douglas Anderson is the new Director of Philanthropy at Moose Charities. He is responsible for helping our Mooseheart and Moosehaven donors explore and understand the various ways in which they can meet their personal philanthropic objectives. Please contact him at 630/966-2200, ext. 6224 to discuss a bequest, will, codicil, gift of stock or other real property, charitable trust, gift of life insurance, or a charitable gift annuity. He also serves as staff advisor for the League of Guardians and the Defending Circle Society.
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November/December/January 2004-2005
