November, 2008

GIFT ANNUITIES: TOOLS OF THE GREATEST GENERATION

If you’re a member of what anchorman Tom Brokaw calls the “Greatest Generation,” you know something about weathering hard times. You know the value of work, perserverance, and planning—and you want to pass those values onto your grandchildren.

In uncertain economic times, Gift Annuities can be extremely attractive investment options. A Gift Annuity provides you with regular income and reduced taxes during your lifetime, and the assets that remain after your death will continue to benefit your community forever.

How does it work? You create a Gift Annuity through a gift of cash or stock to the Community Foundation of St. Joseph County. In exchange, we pay you a fixed, guaranteed percentage of that gift as income for the rest of your life.

You’ll receive a tax deduction for the charitable portion of your gift, and the income that your Gift Annuity generates is partially tax-free. When you die, we place the remaining assets in a permanent fund in your name to benefit the local charity or cause of your choice.

For more detailed information and current rates, contact Community Foundation President Rose Meissner at (574) 232-0041, or create a free customized illustration online—to learn how a Gift Annuity might work for you.