A Simple Decision, a Significant Gift
Dorothy Kirk made a strong commitment to the future of Fairview and Ebenezer — and she's happily reaping the benefits of her gift years later.
"As a single woman, the decision was simple!" Dorothy confides. "I was able to make a much more significant gift than I thought possible at the time. And now I'm receiving income years after I made the gift."
A charitable gift annuity is a gift to an organization like Fairview in return for a fixed income for life. The donor not only receives worry-free income during his/her lifetime (some of which may be tax-free), but is also entitled to an income tax deduction when the gift is made. Fairview benefits by being able to use the gift to support its mission upon the donor's passing.
Is a charitable gift annuity right for you? It may be if you're at least 60, have a minimum of $10,000 to contribute and are looking for a simple lifetime payment for yourself or a loved one, generous tax savings and the satisfaction of knowing you are supporting the great work of Fairview and/or Ebenezer.
To learn more, contact Michael Ziomko, Sr. Development Officer, Fairview Foundation at 612.672.7238.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.