Charitable gift annuities or life income gifts are a simple contract between you and a charity. In a life income plan, the donor makes an up-front gift to the Children’s Museum, but retains the right to receive income payments for life (or, in certain cases, a period of up to 20 years). At the end of that time, the remaining principal goes to support the Children’s Museum’s work. By setting up a charitable gift annuity, you may:
- Receive an immediate tax deduction
- Establish an additional income stream for the rest of your life
- Possibly receive this additional income, or a portion of it, tax-free
- Reduce or eliminate capital gains tax liability
- Donate different types of assets including cash, securities and/or personal property
Gifts of Appreciated Stock are an excellent asset to use for funding a gift plan that provides income for life. Because the Children’s Museum will benefit in the future from the principal of the gift, capital gains tax is avoided when appreciated stock donated into the plan is sold to reinvest for higher income.
The annuity rate fluctuates from year to year, please consult with your financial professional. Annuities work best for those 70 and older. Learn more about charitable gift annuities at Fidelitycharitable.org.
Please let us know if you have included the Children’s Museum as a beneficiary of your charitable gift annuity. We would love to say “thank you.” We will keep your information strictly confidential unless you give us permission to publicly acknowledge your generosity. Download our Legacy Circle enrollment form below.
The Children’s Museum of Sonoma County was founded in 2005 and is designated as a tax-exempt nonprofit charitable 501(c)(3) organization by the Internal Revenue Service with the Tax ID #20-3496878.