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Gift Annuities

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A WGBY gift annuity is very appealing if you have investments in bank CDs, bonds, stocks, or other low-yield assets. Contributing these assets to WGBY can significantly increase your income.

A gift annuity is a simple contract whereby, in exchange for a gift of $10,000 or more, WGBY makes quarterly payments to you for the rest of your life. If you wish, a second person such as a spouse or a sibling, also can receive lifetime quarterly payments.

Some of the advantages of a gift annuity are:

  • You receive a current income tax deduction equal to a large portion of your gift
  • A portion of the income you receive is non taxable
  • Payments can be made to you, or another loved one
  • Income from annuities can be deferred for a number years and used to supplement retirement
  • Income from the annuity is established and guaranteed when you make the gift
  • If your annuity is funded with highly appreciated assets, you will only have to report some of the capital gain, and the rest is spread over a number of years

Summit Society Options

Have questions about which planned giving options are best for you? Please call Jodi Fallon Fern, Major Gifts Officer, at (413) 781-2801, x246, or email jfallonfern@wgby.org.