Charitable Gift Annuity in Action

Harry and Ethel Chaifetz recently established a gift annuity with the Foundation.  How does it work?

Harry and Ethel signed a simple contract with the Jewish Community Foundation.  In exchange for a gift of cash, the Foundation will pay them a fixed amount for life every year in quarterly installments.  The amount of these payments is a percentage of their gift determined by their ages and other factors at the time the gift was established.

• They received an immediate charitable income tax deduction for the full amount of the gift.
• A significant part of the income they receive will be tax-free (as determined by official Treasury tables).
• After their lifetime, the remaining principal in the annuity establishes an endowment fund in the names of Harry and Ethel Chaifetz at the Foundation.
• Their legacy will positively impact the quality of life for members of our community far into the future.

Charitable Gift Annuity

• Provide for Yourself and the Community
• Receive Payments Today
• Create a Gift for Tomorrow

You can create a Charitable Gift Annuity with a gift of cash or appreciated securities.  Charitable gift annuities can be established with as little as $10,000.

Benefits to you:

• You will receive an immediate income tax deduction.
• You and/or those you designate receive guaranteed payments for life
• You may reduce estate taxes by removing
• You may reduce capital gains taxes.

Benefits for the community: 

• You leave a meaningful and personal legacy for the community.

SAMPLE PAYOUT RATES

AGE               RATE

90+                11.3%

85                    9.5%

80                    8.0%

75                    7.1%

70                    6.5%

65                    6.0%

Where to begin:

Please contact Howard Borer at 508-756-1543 or email: hborer@jfcm.org for more information.