Charitable Gift Annuity

How it works

1. You transfer cash or securities to the Red Cross.
2. The Red Cross pays you, or up to two annuitants you name, fixed payments for life.
3. The principal passes to the Red Cross when the contract ends.

Benefits

• You receive an immediate income tax deduction for a portion of your gift.
• Your annuity payments are guaranteed for life, backed by a reserve and the assets of the Red Cross.
• Your annuity payments may be treated as part ordinary income, part capital gains income (15%), and part tax-free income, depending on the assets used to fund the annuity.
• You can have the satisfaction of making a significant gift that benefits you now and the Red Cross later.