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Charitable Gift Annuity
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| Donors planning for retirement often set up gift annuities and defer the income for several years. |
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For donors who wish to receive a fixed income for life or provide a certain level of income to a family member or friend, a charitable gift annuity is the appropriate choice. A gift annuity is a contract between a charity and a donor. In return for a donation of cash or other assets, the charity agrees to pay a fixed payment for life to the donor or whomever he/she designates. A charitable tax deduction is given for a portion of the gift. If a donor funds a gift annuity with long-term capital gain property, the donor will have to report only some of the gain, and can often report it in installments over several years.
WPC will receive the funds remaining in the gift annuity at its termination and will use them to secure the future of western Pennsylvania's natural resources.
For more information, please contact Carey Miller at 412-586-2356, Western Pennsylvania Conservancy, 800 Waterfront Drive, Pittsburgh, PA 15222 or via e-mail at cmiller@paconserve.org
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