Advancing Principia | Gifts Before Year-End | Gift Annuities | Development Team | Planned Giving
 
Gift Annuities Continue to Bless

Why do some Principia donors who have one charitable gift annuity establish another one . . . and another? Here are at least three reasons.

Satisfaction. If you wonder at first how this unique program works, be assured that hundreds of donors who have given charitable gift annuities to Principia have been satisfied. They appreciate receiving their payments and year-end tax information on time, as well as knowing they can count on the responsiveness and good service provided by the Principia Development Office. This reliability and level of service often prompts the giving of another gift annuity.

Connection. Having a life income agreement with Principia involves an interdependence not experienced with other kinds of annual giving. For one thing, the donor is not only providing financial support for young Chrisitan Scientists, but receiving it as well. This sense of partnership enhances the feeling that we are in this together. Additional annuities deepen this connection even further.

Rates. Our gift annuity rates are determined by the American Council on Gift Annuities and are based on the annuitant’s age. For example, the current rate for a single-life gift annuity for a 70-year-old person is 6.5 percent. The rate increases to 7.1 percent for a 75- year-old. At age 80 it is 8.0 percent, and at 85 it rises to 9.5 percent. A 90-year-old (and older) will receive 11.3 percent. So for many annuitants, it makes sense to obtain additional annuities as the rates naturally increase.

Gift annuities offer other advantages in addition to those mentioned above. Please use the enclosed reply card to request a copy of our special brochure on gift annuities. You can also request a personal illustration showing all of the financial benefits of a gift annuity. Of course, there is no obligation. We’ll be glad to provide rates for other ages. If you would like to learn more about this opportunity that can provide a dependable lifetime income to you and ensure helpful support for Principia, I’ll be happy to hear from you.

Larry Harrison, Development Officer 800-218-7746, ext. 3116 • larry.harrison@principia.edu

 

Charitable Gift Annuities
Example of Benefits for a $10,000 Gift Annuity

Gift annuities provide a charitable income tax deduction, and a portion of your annual income is tax-free. This example assumes a cash gift and quarterly income payments.

The deduction and tax-free figures above are based on calculations using federal rates in effect at this time. Marketable securities (stock, bonds, or mutual fund shares) also can be used to fund a gift annuity. For gifts of cash or appreciated assets, please contact us for a personal illustration showing all of the financial benefits of a gift annuity.

   
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