A charitable gift annuity is a popular way to make a gift to Hadassah and receive payments for yourself (and/or someone you designate) at the same time. You make a gift of cash or securities of $10,000 or more and you and/or the person you designate will receive fixed payments (payable monthly, quarterly, semi-annually or annually) for the rest of your life and/or the life of someone you designate. You must be at least 65 years old to receive payments. The payout rate is fixed when you establish the annuity and remains the same for your lifetime and/or the lifetime of someone you designate. After your lifetime (or the lifetime of someone you designate), the remainder of the annuity is used by Hadassah to support lifesaving work in Israel and around the world. If you yourself do not need the funds, you may establish a charitable gift annuity as a gift for one or two important people in your life.
And now, you can fund your gift using your IRA assets. If you are 70½ or older, you can make a one-time election of up to $53,000 to fund a charitable gift annuity. While your gift funded by your IRA assets does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
“My charitable gift annuity with Hadassah is a wonderful way to give to Hadassah, but it’s also a gift to myself.”
If you do not need the payments today, but are planning ahead for your retirement years, consider a deferred charitable gift annuity. You establish the charitable gift annuity now and elect to start receiving payments at least one year in the future (so long as you are at least 65 years old when the payments start). You can also establish a deferred charitable gift annuity to benefit someone you designate. The longer the deferral period, the higher the payout rate and the larger the charitable deduction you may claim.
A charitable gift annuity with Hadassah:
- will provide you and/or someone you designate with fixed payments that are partially tax-free for your life expectancy (or combined life expectancies), regardless of market conditions
- may allow you to claim a federal income tax charitable deduction on a portion of your gift in the year you establish the annuity
- may allow you to reduce your capital gains tax liability if you establish the annuity with appreciated securities
- will help to support Hadassah’s future, and your own
Gift Annuity Payout Rates*
The payout rate is based on the age of the person or people receiving payments and the number of people receiving payments (one or two). The rate is determined when you establish the gift annuity and, because it is not tied to the stock market or interest rates, it will never change. Please use the gift illustrator to calculate the payout rate and other benefits using your actual age.
One Life | |
---|---|
Your Age | Payout Rate |
65 | 5.7% |
70 | 6.3% |
75 | 7.0% |
80 | 8.1% |
85 | 9.1% |
90+ | 10.1% |
Two Lives | |
---|---|
Your Ages | Payout Rate |
70/75 | 5.8% |
75/75 | 6.2% |
75/80 | 6.5% |
80/85 | 7.3% |
85/90 | 8.7% |
90/95+ | 9.9% |
*Rates as of January 2024. These rates are subject to change. Please contact us for a personalized illustration. For other state specific information regarding charitable gift annuities, please see the disclaimer provided below.
Examples of How It Works
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Learn more about the many benefits of a charitable gift annuity in our free guide The Gift That Gives Back.
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