One of the reasons that so many people obtain gift annuities is because these giving vehicles work well in uncertain times. They are solid sources of income with locked-in payments that will never change.

Consider Sylvia, a fictitious 80-yearold widow and a long time supporter of the Jewish Federation. Ten years ago she obtained a charitable gift annuity with a gift of $25,000. For the purpose of illustration let’s assume that at the time, new gift annuities paid 7.1 percent annually for the life of the annuitant. This means that Sylvia began receiving payments of $1,775 annually.

When the economy began to wobble and investment funds rose and fell with the times, Sylvia’s gift annuity payments continued without change. Every quarter she received $443.75 without fail.

Indubitable is a term meaning “not doubtful,” and that certainly describes the charitable gift annuity. The quarterly payments are reliable, steady, unchanging, and dependable.

The rates today will be different than they were 10 years ago, depending on one’s age and the economic climate. But once the gift annuity is established, the payments will stay the same until the day the annuitant dies.

The other thing that makes the gift annuities indubitable is the sure-fire help they provide to the Jewish Federation. When the annuitant dies or decides to discontinue receiving the payments, the money goes to the Jewish Federation’s Foundation to support our charitable mission. Thus, a person who receives payments from a gift annuity also has the satisfaction of knowing that someday the annuity will benefit an organization they care about.There are other benefits to obtaining a gift annuity, including an income tax charitable deduction and tax-free payments. Please note that the information above is not intended as legal or financial advice.

If securing the future of the Jewish people is important to you, including the Foundation of the Jewish Federation of Atlantic and Cape May Counties in your estate plan will help you to accomplish this goal. To learn more contact David Schultz, Foundation Director, or Bob Seltzer, Esq., Executive Vice President, Jewish Federation of Atlantic and Cape May Counties. 822-4404