The example below shows how a life-income gift offers advantages for the benefactor who seeks current income from his or her investments:
If a individual owns highly appreciated securities, the present yield often is 2 percent or less. If this is true, $100,000 of ABC stock would yield approximately $2,000 a year.
However, a 70-year-old individual can receive a 5.7 percent return for life by funding a Cleveland Clinic gift annuity with these securities. Donating $100,000 of ABC stock, for example, would allow a donor to increase his or her income from $2,000 to $5,700 per year -- and also get a current tax deduction.
As a qualified charitable organization, Cleveland Clinic can sell securities without any tax consequences - capital gain tax is avoided. So, a stock gift is a "win-win" situation for the supporter as well as Cleveland Clinic.
View today's annuity rates for your age bracket.
Contact Us
For a confidential discussion about the benefits of establishing a charitable gift annuity to Cleveland Clinic, please call Institutional Relations and Development at 216.444.1245 and ask to speak with a member of our gift planning team or email giftplanning@ccf.org.
