Charitable Gift Annuity
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What is a Charitable Gift Annuity?
A Charitable Gift Annuity is a planned giving arrangement where a donor makes a charitable contribution to Cure SMA in exchange for a fixed stream of income for life. See the suggested Maximum Rate here: Current Gift Annuity Rates (acga-web.org)
- A Charitable Gift Annuity is a contract between a donor and Cure SMA where the donor transfers assets (such as cash or securities) to the Cure SMA in exchange for regular fixed payments for life.
- Cure SMA agrees to make fixed payments to the donor, typically on a quarterly, semiannual, or annual basis, for the remainder of the donor's life.
- Upon the donor's death, the remaining assets of the annuity are retained by Cure SMA to support its charitable purposes.
- Charitable Gift Annuities provide donors with a way to support charitable causes while also receiving a reliable income stream during their lifetime.
Benefits from a Charitable Gift Annuity:
- Fixed income for life: Donors receive regular fixed payments for the rest of their lives, providing financial security and stability.
- Charitable deduction: Donors may be eligible for an immediate income tax deduction for a portion of the gift amount, potentially reducing their current taxable income.
- Capital gains tax savings: If funded with appreciated securities, a portion of the capital gains tax may be avoided through the charitable deduction, allowing donors to maximize the impact of their gift.
- Potential estate tax savings: Assets transferred to Cure SMA through a Charitable Gift Annuity are removed from the donor's estate, potentially reducing estate taxes.
How your donation will benefit the SMA community
- Basic research to pave the way for new SMA muscle treatments and a cure
- SMA advocacy initiatives like caregiving access and transportation
- Improving standardized care for every person with SMA
“If it weren't for Cure SMA, we might not have the treatments in place that have helped my daughter to thrive while living with SMA. I'll forever be grateful and do what I can to support Cure SMA."
How a Charitable Gift Annuity Works
A donor transfers assets (such as cash, stocks, or bonds) to Cure SMA in exchange for a contract that guarantees fixed payments for life. The amount of the payments is determined by various factors, including the donor's age at the time of the gift and prevailing interest rates. Cure SMA invests the donated assets and uses the returns to make payments to the donor. Upon the donor's death, any remaining assets from the annuity belong to Cure SMA to support its mission.
Donors contribute assets to Cure SMA but defer the start of the annuity payments until a future date, allowing them to receive higher annuity payments when the payments begin.
Offers donors flexibility in determining the timing and amount of annuity payments, allowing for customization based on individual financial needs and goals.
Contact Us
If you have any questions, would like further information, or want help making your contribution, then please contact us at [email protected] to get started.
Legacy giving typically takes many conversations and is not a fit for everyone. Conversations with Cure SMA about planned giving should be considered general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting, or other professional advice. To determine how a gift or estate planning decision might affect your circumstances, it is expressly recommended that you consult an attorney, financial advisor, or other qualified professional.