NYSARC

Annuities

NYSARC’s Charitable Gift Annuity program helps our chapters raise money and increase their development efforts. And it’s the simplest, most versatile planned-giving arrangement, and even lets you get some income back for your generosity.
The gift that you make may be as small as $10,000; and your income, or annuity payment, is backed by the general assets of NYSARC, Inc.

The Benefits

• It allows you to make a gift to your local NYSARC Chapter without sacrificing the income from your assets.
• You receive a substantial income tax deduction at the time your gift is made and may save capital-gain tax too. You may gain estate-tax savings, too.
• Supplements retirement income and possibly preserve Social Security benefits.
• May allow you to provide income to others, such as your disabled loved one.

The Payments

We offer immediate gift annuities and deferred gift annuities. The NYSARC Charitable Gift Annuity program is regulated by the state Insurance Department and the annuity payment is determined by using rates promulgated by the American Council on Gift Annuities. Calls us for a projected calculation.
The annuity is structured so that under a normal life expectancy half the initial gift goes to NYSARC and it chapter – 90 percent to the local chapter and the rest to the state organization.

Establishing an annuity

The minimum irrevocable contribution is $10,000 in cash or marketable securities. Income beneficiaries must be at least 65 years old when income payments begin.