Deferred Gift Annuity

How it works

1. You transfer cash, securities or other property to the Red Cross
2. 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.
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.
• 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.