A charitable gift annuity is an agreement under which a charity, in return for a transfer of cash from a donor, agrees to pay a fixed amount of money to that donor, for their lifetime. The rar annuity product requires a donation gift of $20,000 or more.
Through rar’s investment of these funds, a donor will not only receive a steady stream of calculated quarterly payments for their lifetime, but they also can reduce their overall annual tax bill? However, this win-win also benefits rar in that we have a portion of the donor’s gift that can be used immediately for our programs.
All it takes is three easy steps to learn how you may obtain an annuity and what your estimated quarterly payments will be for the rest of your life.
- Call Suzi Smith toll-free at 1-877-853-6474 to see if we offer gift annuities in your state.
- Give us the amount of the annuity you are seeking.
- Tell us your age.
We will then provide you with the interest rate for your annuity and the amount of quarterly payments you will receive. When you decide you want the annuity and transfer the cash to rar, you will start receiving your lifetime income stream.
* For tax advice, rar always recommends you speak with your tax advisor.
If you have any questions regarding planned giving, please contact Suzi Smith in our Planned Giving Department at (877) 853-6474. You are also encouraged to consult with your legal and financial advisors when considering a planned gift.