CHARITABLE GIFT ANNUITIES – A SAVVY ALTERNATIVE DURING TOUGH TIMES IN THE STOCK MARKET
Now more than ever, with many investments giving minimal or negative returns, a Seabury Charitable Gift Annuity is a great way to give a philanthropic gift and receive an excellent return on your investment.
The minimum age to purchase a Seabury Charitable Gift Annuity is 62. The minimum amount required to fund an annuity is $10,000, but you may create your annuity in any amount over the minimum. This effectively offers you the option of having your money work for you in the following ways:
- Exceptional non-variable interest rates of 7-10% (depending upon your age) during this turbulent economic time
- A constant source of income that will continue for your lifetime on a single-life annuity, or for the lifetimes of you and your spouse on a joint-life annuity
- A significant charitable tax deduction to be claimed up to 5 years after the annuity is established
- A substantial portion of the income realized from your annuity will be tax-free for several years once payments begin.
Why support Seabury through the purchase of a gift annuity?
Church Home of Hartford (CHHI) and the Seabury Charitable Foundation assure that any resident will never have to leave due to lack of funds. In the past 10 years, Seabury Charitable Foundation has provided over $1,000,000 in financial assistance to residents, who can no longer pay for services. By investing in a Seabury Charitable Gift Annuity, you are helping your neighbors, while strengthening your own financial position. It is definitely a win-win situation!
If you are interested in more information, Pegeen Sullivan will be happy to provide a personalized proposal with specific figures as they apply to you and the amount of your gift. Please call
860-243-6026, to arrange a confidential consultation. |