Giving Wisely
Prepare for Retirement & Help the Red Cross Stay Prepared!
Planning for retirement? Consider a Deferred Charitable Gift Annuity with the Red Cross. In exchange for a gift of cash or securities now, you guarantee yourself annual payments for life at attractive rates while helping the Red Cross be there when disaster strikes.
How does it work? Assuming you are 55 and your spouse is 50. You both plan to retire when you are 65, but won’t need the annuity income until you are 70. If you arrange a $10,000 Deferred
Charitable Gift Annuity now, you’re guaranteed an annual payment of $570. A significant portion will be tax-exempt, reducing your income taxes during retirement.
Moreover, you will receive an income tax deduction of approximately $4,000 this year. If you fund the Deferred Charitable Gift Annuity with appreciated securities, you will greatly reduce your capital gains taxes.
You will also have the satisfaction of knowing that you are providing for the future of the Red Cross. What other retirement income option can offer that?
For more information about how you can support our chapter, visit our Planned Giving Section
