By Jackie Jacobs
The Columbus Jewish Foundation’s charitable gift annuity program appeals to many donors for several reasons.
First, the annuity payments are fixed and unaffected by the ups and downs of market conditions. You can count on receiving the same amount on every payment date.
Second, the payment rates are very attractive, especially for older donors.
Third, the payments last a lifetime. It doesn’t matter how long you live. Your payments will keep right on coming.
Fourth, part of the payment amount is tax-free. This benefit lasts until you reach the normal age of life expectancy.
Fifth, you receive an income tax deduction when you obtain the annuity, and your estate may benefit by having the asset removed from possible estate taxes.
Sixth, your gift annuity provides you with immense satisfaction, knowing that you have made a significant charitable gift.
Seventh, your gift annuity is a powerful example to family and friends that you value the an important charitable cause and what it represents.
Most Columbus Jewish Foundation annuitants elect to receive their annual payments on a semi-annual basis. This means that every six months they either receive a check or a notice that funds have been deposited into their account.
These payments serve as a reminder of the benefits of having a charitable gift annuity. At times, we can almost hear our annuitants exclaim as they open their envelopes, “This is such a good thing. I’m so glad I am able to support the community this way.”
To learn how you can secure your own gift annuity with the Columbus Jewish Foundation, call me at 614-338-2365.
Article appears as originally published in the Ohio Jewish Chronicle Thursday June 2, 2016.
Jackie Jacobs is the Chief Executive Officer of the Columbus Jewish Foundation, the Central Ohio Jewish community’s planned giving and endowment headquarters.