The Planning Need
If you anticipate a drop in income in a few years and would like to cushion this expected reduction, consider the Middlebury Deferred Payment Charitable Gift Annuity. It provides an income tax deduction now and high returns later...best for those 50 and up who seek to provide a guaranteed income stream in the future.
The Solution
A Middlebury Deferred Payment Charitable Gift Annuity provides a high rate of return for deferring the start of annuity payments. The longer the deferred period, the higher the return. You determine how many years you want to wait for quarterly annuity payments. Those payments will last for life.
The Deferred Payment Charitable Gift Annuity offers a range of benefits:
- Favorable capital gains treatment (when establised using appreciated securities)
- An income tax deduction for a portion of the gift
- Flexibility - you determine when you wish to begin receiving quarterly payments
The Deferred Charitable Gift Annuity attributes:
- Assurance of fixed income at a predetermined future start date
- Lifetime term (for one or two lives)
- Charitable Income tax deduction for portion of gift
- $10,000 minimum