Consider Anna Chang's case. A member of her local animal shelter's board of directors, the 60-year-old Anna has loved animals all her life.
She would like to contribute $25,000 to the All Animals Protection Fund of The Humane Society of the United States, but she's concerned that she may not have quite enough income to cover her expenses as she grows older. By setting up a $25,000 Charitable Gift Annuity (CGA) now, Anna will receive $1,425 every year from The HSUS for the rest of her life. That's an annual return of 5.7%. She can also take a tax deduction of more than $7,500 in the first year of the annuity.
If Anna decides to wait until she turns 70 to receive payments, she could set up a deferred CGA, and her annual annuity income would increase to $2,625, a return of 10.5%.
For more information about Charitable Gift Annuities, please contact the Major and Planned Gifts office toll free at 1-800-808-7858, or e-mail us at gifts@hsus.org.
Like many charities nationwide, The HSUS uses rates recommended by the American Council on Gift Annuities; this example is based on rates effective January 1, 2006.
