As the stock market rises and falls with good news and bad, donors who have created charitable gift annuities with the Western Pennsylvania Conservancy know that at least one thing is certain: their quarterly annuity payments.

If you are age 60 or older and wish to support the Western Pennsylvania Conservancy but also still need to receive income for life on some of your assets, a charitable gift annuity may be an appropriate choice.

You establish a charitable gift annuity with an irrevocable gift of cash or marketable securities to the Western Pennsylvania Conservancy. In exchange for a gift of $10,000 or greater, the Western Pennsylvania Conservancy agrees to send you a fixed annuity payment for the rest of your life. Alternatively, a charitable gift annuity can be structured to pay an annuity payment to both you your spouse for life. Annuity payout rates are based on your age(s) at the time of the gift and are calculated according to nationwide charitable gift annuity standards.

Upon creating a charitable gift annuity, you receive an immediate charitable deduction and quarterly payments can begin immediately. A portion of the gift annuity payments is “tax free” as well. 

Is a charitable gift annuity an attractive option for you? It could be if:

• You ultimately wish to support the Western Pennsylvania Conservancy but still need to receive steady income from your assets
• You are age 60 or older
• You have appreciated securities or cash on hand

Sample of Charitable Gift Annuity Rates – One Life

Two-life annuities are also available. These rates are effective as of 8/1/09 and are subject to change. Please contact the Development department for more information.

Deferred and Flexible Charitable Gift Annuities:

If you are planning for retirement and wish to support WPC but don’t need income from a particular set of assets yet, a deferred charitable gift annuity could be an attractive option. You can set up a charitable gift annuity now and defer the income for several years. You would get an immediate tax deduction in the year that you make the gift and a higher annuity rate in later years.

You may wish to consider a flexible gift annuity, which is a variation of a deferred gift annuity that allows you to continue to reschedule your payments, in exchange for a higher annuity rate, over the course of a prescribed set of years. You may elect to start receiving payments on any one of a range of dates. These dates and their corresponding payment amounts will be specified in the initial agreement between you and WPC. The older you are at the time of gift and the longer you elect to defer payments, the greater your fixed income payment.
 

The Western Pennsylvania Conservancy’s Development Department would be happy to create a set of customized gift scenarios for you. You can fill out the form by clicking here. Or, we would welcome your call at 412-586-2336 or email at development@paconserve.org.