Senior Center to help earn income, make planned gift

posted Jun 28, 2017, 4:06 PM by SASC Admin   [ updated Aug 28, 2017, 11:17 AM ]

We are pleased to announce that we now can arrange for you to purchase a Charitable Gift Annuity!

Charitable Gift Annuities

A charitable gift annuity is a great way to make a gift and create an income stream for you or a loved one. In exchange for your charitable gift, you or your loved one will receive a fixed annuity for life, part of which may be tax-free. Additionally, you will receive a charitable tax deduction and a potential reduction in gift and estate taxes. The size of the payment is determined at the time the gift is made and will not fluctuate with the financial markets.

Your gift to establish a charitable gift annuity also assures that the Sebastopol Area Senior Center continues to be the home-away-from-home that we are for so many elderly in our community.

Sebastopol Area Senior Center has partnered with the Silicon Valley Community Foundation (SVCF) to issue charitable gift annuities. With assets of approximately $8 billion under management, SVCF provides the expertise and financial resources required to back Sebastopol Area Senior Center charitable gift annuities.

Why are gift annuities so appealing?

  • You will become a member of the Sebastopol Area Senior Center President’s Council
  • Your annuity income payments are fixed and are not affected by market turbulence.
  • Your payments are secure, backed by all of the Foundations unencumbered assets.
  • You may qualify for a tax-deductible donation.
  • There may be a potential to increase your cash flow, especially if the annuity is funded with low-yielding assets.
  • A portion of the payments you receive may be tax-free.
  • Donors might receive a capital gains tax advantage if the annuity is funded with long-term appreciated assets.
  • The security of fixed payments can be directed to you or to a loved one, such as a parent, sibling or child.
  • Best of all, the residuum will be used for the long-term benefit of the Sebastopol Area Senior Center!