Charitable Gift Annuity
When you are looking for ways to help Peggy Adams Animal Rescue League with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support The League's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with The League you can receive a variety of tax benefits depending on how you fund your gift.
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
A Charitable Gift Annuity may be established to benefit Peggy Adams Animal Rescue League, Inc. through the Community Foundation for Palm Beach and Martin Counties. There is a minimum age of 70 years and a minimum contribution of $50,000.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
See How It Works
- Contact Kati Erickson, CAP® at (561) 472-8576 or K.Erickson@peggyadams.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Peggy Adams.
- Seek the advice of your financial or legal advisor.
- If you include Peggy Adams in your plans, please use our legal name and federal tax ID.
Legal Name: Peggy Adams Animal Rescue League of the Palm Beaches, Inc.
Address: 3200 N. Military Trail, West Palm Beach, Florida 33409
Federal Tax ID Number: 59-0637811
Fund Your Donation With:
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Peggy Adams but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity. Based on their ages, they will receive a payment rate of 4.8%, which means that they will receive $960 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $7,649* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Guide
Calculate Your Benefits
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