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Deferred Gift Annuity
(Future Planning for Everyone's Benefit)
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How it works
- You transfer cash, securities or other property to the Red Cross
- Beginning on a specified date in the future, the Red Cross begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
- The principal passes to the Red Cross when the contract ends.
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Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- You can postpone your annuity payments until you need them, such as when you reach retirement or when a grandchild begins his or her college education.
- You can have the satisfaction of making a significant gift now that benefits both you and the Cross later.
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