Now you can fight for life and liberty ... while earning guaranteed income at the same time. If you are 65 years old or older a Charitable Gift Annuity might be for you.
A Charitable Gift Annuity
Now you can secure a direct agreement between you and the American Center for Law & Justice, giving you income for life and a charitable tax deduction now as you help to continue the work of the ACLJ to protect life and our constitutional freedoms. Minimum deposit of $10,000 required to set up annuity. The gift annuity program is managed by John Hancock Life Insurance Company and American Funds. If you are 65 years old or older a Charitable Gift Annuity might be for you.
The benefits you may reap from a Charitable Gift Annuity include the following: possible tax-free income, charitable income tax deduction, income for life, and fixed income payments. Deferred income payments are also available.
* indicates the average mean rate for this particular age group. | Single | |
| Current Age | Payment Rate |
| 65 | 5.3% |
| 70 | 5.8% |
| 75 | 6.5% |
| 80 | 7.5% |
| Husband & Wife | ||
| Younger Age | Older Age | Payment Rate |
| 65 | 65-70 | 4.8% |
| 70 | 70-77 | 5.3% |
| 75 | 75-80 | 5.8% |
| 80 | 81-85 | 6.5% |
An IRA rollover gift. If you are age 70½ and older, a new law allows you to make a taxfree charitable distribution from your IRA up to $100,000. You can obtain the transfer forms from your IRA custodian and give as God directs. The IRA rollover may simplify your tax return, because the distribution is not included in your federal taxable income.
A gift of appreciated securities. You may earn a charitable deduction based on the fair market value on the date of the gift. If you have held the securities for more than a year, you incur a capital gains tax when you sell the securities. But by giving the appreciated value to a charity, you could avoid that capital gains tax.
A gift of property. Here, again, you may avoid capital gains tax and earn a charitable deduction based on a qualified appraisal of the fair market value of an unencumbered property which you donate to the ACLJ.
A gift of life insurance. If you have policies you no longer need, life insurance can make a convenient tax-deductible charitable gift. When you assign the ACLJ as the beneficiary, you may have the opportunity for tax deductions on the premiums being paid or the cash value of the policy.
Establishment of a charitable trust. A charitable trust may provide you or your family with income for life, while also avoiding capital gains taxes and supporting the fight for life and liberty with the ACLJ. A charitable trust is also flexible enough to be structured to your family’s needs.
Please click here to see how your contributions are expensed.