Even if you have money saved, a drop in the stock market could impact your resources.
LEARN HOW YOUR PLANNED GIFT CAN HELP THE AMERICAN LEGION
Patricia*: "While I was working as a pediatrician, I bought stock every year. Overall, this was a good investment strategy; the stock grew in value considerably. Now that I am retiring, I need a new strategy that protects my savings so my situation won't change even with changes in the markets.”
She spoke with a friend who had recently set up a charitable gift annuity with her favorite nonprofit. Patricia called the organization and learned that she would receive a good payout based on her age and a charitable income tax deduction – and part of the payment from the annuity would be tax-free.
Patricia: "I transferred my stock to fund a charitable gift annuity. I was delighted with the fixed payment I received. I avoided part of the capital gains tax, and my CPA was pleased that my charitable deduction will save taxes this year. With my tax savings and increased income, I can afford to travel to see my grandchildren several times this year!”
A charitable gift annuity can provide you with a secure source of fixed payments for life. Watch this video to learn more. The payout will vary depending on the age of the donor. Please contact us to inquire about current payout rates or if you have any questions about charitable gift annuities.
*Please note: Names and images are representative of a typical donor and may or may not be an actual donor to our organization.
Content provided via Crescendo. The American Legion’s Fund Development program is a way of establishing your legacy of support for the organization while providing for your current financial needs. Learn more about the process, and the variety of charitable programs you can benefit, at legion.org/plannedgiving. Clicking on “Learn more” will bring up an “E-newsletter” button, where you can sign up for regular information from Planned Giving.
- Planned Giving