A gift annuity is a simple, contractual agreement between one or two donors and the FarmHouse Foundation in which assets are transferred in exchange for lifetime income. You receive an immediate charitable income tax deduction, and the rates are based on your age at establishment. Payments can start immediately or be deferred.
How it works
Through a simple contract, you agree to make a donation of cash, stocks or other assets to The FarmHouse Foundation. In return, we make fixed annual payments to you, or someone you name, for life.
Payments are based on your age on the date of the gift.
After your lifetime, the remaining balance of your gift supports our mission. We will work with you to determine how you would like to designate your gift.
Advantages of a Charitable Gift Annuity
You receive a partial charitable deduction, when you itemize.
You receive fixed payments for life (starting now or deferred), so your payments are not affected by ups and downs in the economy.
Capital gains income is reportable over your life expectancy.
The gift annuity can be for one or two people, so your spouse or another loved one can also receive payments for life.