Charitable Gift Annuities
Gifts That Pay You Income
There's a way for you to support Mosaic and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
With a charitable gift annuity you agree to make a gift to Mosaic and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.
This type of donation can provide you with regular payments for life and allow Mosaic to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift.
If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.
And now, you can fund your gift using your. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to Mosaic but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.8%, which means that they will receive $960 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $7,649* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
- Contact Jaime Corsar at 402.896.3884, Ext. 31106 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Mosaic.
- Seek the advice of your financial or legal advisor.
- If you include Mosaic in your plans, please use our legal name and federal tax ID.
Legal Name: The Mosaic Foundation
Address: 4980 S. 118th Street, Omaha, NE 68137
Federal Tax ID Number: Please contact us for our federal tax ID number.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
Calculate Your Benefits
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