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Support Audubon >Planned Giving
Deferred Gift Annuity
(Complete gift description)
The deferred gift annuity is especially appealing to donors who are under 65 years old. The deferred gift annuity makes fixed annual payments to you and/or another beneficiary for life, with payments commencing on a mutually agreed upon future date which will be written into your contract. In exchange for deferring the start of your payments:
- National Audubon Society offers a higher annuity rate for these annuities than for annuities whose income starts immediately, and
- You will receive a larger current charitable income tax deduction than you could get from any other life-income gift plan.
These two features make the deferred gift annuity quite attractive to donors in high-earnings years who are concerned about securing both current tax deductions and additional sources of retirement income.
Is there a way to use the deferred gift annuity as a retirement planning device?
There are limits to your contributions to your IRA, or other qualified retirement plan, but there are no limits on the amount you may contribute to Audubon. Many donors use a deferred gift annuity to bundle their need for increased retirement income and current tax savings with their desire to support Audubon’s progrms. Some people establish a series of deferred annuities over several years, using funds they had already set aside for retirement saving. They set the commencement date for payments from these annuities to coincide with their or their spouse's retirement.
You may choose an option called a “flexible gift annuity” which allows you to select a range of dates on which to begin your income. You can then choose to start your payments by simply notifiying us 90 days in advance. We will be happy to provide more information on this option.
The deferred gift annuity offers the same benefits of simplicity, security, and beneficial tax treatment of their payments that the regular gift annuity provides our donors:
- Your deferred annuity is a contract between Audubon and you, and your annuity payments are an obligation backed by our corporate assets;
- You will be entitled to a current charitable income tax deduction for a portion of the value of the assets you contribute;
- No up-front capital gains tax is payable if you fund your deferred gift annuity with appreciated securities; only a portion of your gain is reportable over your annuity payments;
- Part of each annuity payment to you comes tax-free as the return of principal;
- After your death (and the death of the survivor of you and your second annuitant) the remaining principal in your annuity will become available to Audubon to fund its conservation programs.
Are there any restricions to making this type of contribution?
The minimum gift is , and annuitants must be at least 65 years old at the commencement of their annuity payments.
For more information
Email us, complete the personal illustration form, or call us at 212-979-3033 so that we can assist you through every step of the process.
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