Higher Gift Annuity Rates
Increase your retirement income and shape Memorial Sloan Kettering Cancer Center's future with a gift annuity. Good news: Gift annuity rates are now the highest they've been in years.
How It Works
With a gift annuity, you make a donation using cash, marketable securities, or other assets, and we, in turn, pay you a fixed amount for life. With this gift you can boost your retirement income and feel secure because you receive reliable, predictable payments for as long as you live.
It's a great time to contact the Office of Planned Giving at 800-688-1827 or firstname.lastname@example.org for a personalized illustration at no obligation.
Here's an Example
Barbara, 72, transfers $20,000 in exchange for a gift annuity.
With the old rates: Barbara received annual payments of $1,080, a rate of 5.4 percent.
With the new rates: Barbara receives annual payments of $1,160, a rate of 5.8 percent. This is a payout rate increase of approximately 7.4 percent.
|New Rate Charts (effective July 1, 2018)|
|One Recipient||Two Recipients|
$20,000 minimum gift
Beyond increasing your retirement income as you help shape MSK's future, gift annuities offer you tax benefits, including:
- A partial income tax charitable deduction for your gift when you itemize.
- Part of each payment is income tax-free throughout your estimated life expectancy.
Tip: Consider Giving Appreciated Assets
Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support MSK's work, but it can offer financial benefits. You will receive a federal income tax charitable deduction if you itemize in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.
Request Your Personalized Illustration
We would be happy to send you a free, no-obligation illustration showing you the increased benefits you can receive from a gift annuity. Contact the Office of Planned Giving at 800-688-1827 or email@example.com.
Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department.Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.