A Charitable Gift Annuity enables you to transfer cash or marketable securities to the Bigfork Valley Community Foundation in exchange for a current income tax deduction and our promise to make fixed annual payments to you for life. Payments can begin immediately or can be deferred to some future date.

A Charitable Gift Annuity offers many benefits to the donor:

  • It provides an immediate income tax deduction to the donor in the year the property is transferred to charity.
  • It pays a lifetime income to one or two individuals, which can include the donor, part of which is federal income tax-free.
  • The income payout from the gift annuity can begin immediately or can be deferred until some future start date.
  • The charity’s promise to pay the annuity is backed by the general assets of the charity.
  • Capital gains tax liability can be spread over life expectancy if the donor is the annuitant.
  • It removes the transferred assets from donor’s gross estate for federal estate tax purposes.


Benefits include:

  • An immediate income tax deduction for a portion of your contribution to the trust.
  • No capital gains tax on any appreciated assets you donate.
  • You or your designated income beneficiaries receive stable, predictable income for life or a term of years.
 

Bigfork Valley
Community Foundation

PO Box 44
Bigfork, MN 56628

218-743-4116


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