The gift that gives back: make a meaningful gift to the Library and receive payments for life.
Do you want to make a meaningful gift to the Library but retain a stream of lifetime payments to supplement your retirement income? Or want to make a gift and provide lifetime payments to a loved one? If so, consider a charitable gift annuity (CGA) with the Library.
A Charitable Gift Annuity is a simple contract between you and the Library. In exchange for your gift of cash or securities (minimum $10,000), the Library agrees to pay you and/or a loved one or a friend a fixed annual sum for their lifetime(s). Annuity payments are guaranteed and rates currently range between 4.0% and 9.0%, depending on your age(s). Annuitants must be 55 years or older to receive payments. In most cases, part of each payment is tax-free, increasing each payment's after-tax value. If securities are used to establish a CGA, some capital gains tax will be avoided. At the time of your gift, you are entitled to a charitable income tax deduction, and at your death, the Library receives the balance of your CGA.
For more information, please contact the Planned Giving Staff.