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Charitable Gift Annuity

Charitable Gift Annuity
Stock or Cash
Gift Annuity
Donor
JFNA
Bequests
Are you looking for a secure source of fixed income for now or your future?

You may be tired of living at the mercy of the fluctuating stock and real estate markets. One solution is a charitable gift annuity.

How it Works

A charitable gift annuity is a contract between you and your Jewish Federation, Jewish Community Foundation or The Jewish Federations of North America (JFNA).

  1. You transfer property to your Jewish Federation, Jewish Community Foundation or JFNA. In exchange that organization pays you fixed income for life.
  2. The fixed income can be quite high depending on your age.
  3. A portion of your income stream may even be tax-free. You will receive a charitable deduction for your gift and the satisfaction of supporting the Jewish community.

Types of Assets You May Give

  • If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
  • You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.

Start Receiving Payments Now with a Current Gift Annuity

If you desire current income, you may transfer property to your Jewish Federation, Jewish Community Foundation or JFNA in exchange for its promise to pay you fixed income beginning as early as this year. You will receive a current income tax charitable deduction for the value of your gift.

Deferred Gift Annuity for Income at Future Date

Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a current charitable income tax deduction and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity. Contact your Jewish Federation or Jewish Community Foundation about flexible date options for your future income.

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Any tax consequences described on this page are based on U.S. federal tax law. Charitable deductions from state and local taxes or from Canadian and provincial taxes may not be available to the same extent as from U.S. federal taxes. The Jewish Federations of North America (JFNA) does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel. You may read JFNA's charitable solicitation disclosure statement here and important information about endowment gifts and bequests to JFNA here.