Deferred Gift Annuity
(Future Planning for Everyone’s Benefit)
How it works
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You transfer cash, securities or other property to the Red Cross.
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Beginning on a specified date in the future, the Red Cross begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
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The principal passes to the Red Cross when the contract ends.
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Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- You can postpone your annuity payments until you need them, such as when you reach retirement or when a grandchild begins his or her college education.
- The longer you defer your payments, the higher the effective rate you will receive. In the meantime, the principal grows tax-free.
- You can have the satisfaction of making a significant gift now that benefits both you and the Red Cross later.
For more information
Email us, complete the personal illustration form, or call us at (800) 797-8022 Ext. 5 so that we can assist you through every step of the process.
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