Planned Giving
Gift Annuity (Income for Life)
A Gift Annuity is a contract between the donor and The Providence School. In exchange for a gift to The Providence School, the school agrees to pay a fixed annual payment for your life and/or the life of a second beneficiary.
The annuity is a percentage of the gift and is based upon the donor's age. A portion of each annuity payment is a tax-free return of the principal. A gift annuity can be funded with cash or securities.
The tax advantages are a benefit to the donor by way of current deductions, tax free income and capital gains.
Please consult a licensed professional on the implications of gifting strategies in your estate. The information provided above is for informational purposes only and is not intended to be legal advice.
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