A Tool for Retirement. A Gift to Maret
Maret is excited to offer Charitable Gift Annuities – a guaranteed, fixed income-producing instrument which benefits our donors and the School. It’s good for you. And it’s good for Maret.
Here are some of the benefits to you:
• A tax deduction for a portion of your gift.
• Guaranteed fixed income for life.
• Highly attractive annuity rates.
• Part of your annuity income will be tax-free.
Here are some of the benefits to Maret:
• The remaining principal goes to Maret when the contract ends.
• A larger endowment allowing the School the greatest financial flexibility and security.
A charitable gift annuity (CGA) is a contract between a donor and Maret. The donor makes a gift of cash or stock and Maret agrees to make fixed payments for the lifetime(s) of one or two individuals. After your lifetime (or your beneficiary's lifetime), the remainder of the gift goes to Maret. The minimum gift amount is $25,000.
Gift annuity payments are based on rates set by the American Council on Gift Annuities (ACGA). Under the ACGA’s rates, the older the age of the person receiving gift annuity payments, the higher the rate of return.
Depending on your age, a gift annuity contract can begin making payments immediately (a current gift annuity) or defer payments for at least one year (a deferred gift annuity). The minimum age to receive income is 60 years old.
Immediate Tax Deduction
The donor receives a current federal income tax deduction for a portion of the gift.
Taxation of Payments
A predetermined portion of each gift annuity payment is tax-free and the remaining amount of each payment is taxable at ordinary tax rates.