Establish a gift annuity 

A GIFT ANNUITY...

• Is designed for individuals 60 years of age and older;
• Is a nonrevocable gift to a charitable, educational or religious organization;
• Provides fixed payments for life;
• Has a minimum of $5,000;
• Offers attractive rates of return and certain tax advantages;
• Can cover one or two persons; and
• Provides a gift of lasting significance.
  

Gift Annuity Return Rate Far Surpasses CD Rate
A 75-year-old purchaser of a 5-year certificate of deposit will receive, at the most, a 5% rate of return. A 75-year-old donor to a charitable gift annuity through the Foundation will receive a 7.1% guaranteed income for life. An 80 year old donor would receive 8% guaran-teed income for life. Part of the donation is tax-free and comes with an instant tax deduction.

As CD rates and the stock market continue to be uncertain, individuals and couples 60 years of age and older are discovering a safer alternative-they can support their favorite charity while securing a risk-free income for life.

The amount of income a person will receive is determined by life expectancy based on donor age, the amount of the gift, and the applicable Federal rate.

The minimum investment for a gift annuity through the SMCCC Foundation is $5,000. If you would like more information on this risk-free investment that will allow you to support the Foundation contact Carrie Ridge, Development Director, at (650)-358-6864 or ridgec@smccd.edu.

Examples of Single-Life Gift Annuity Rates