Giving And Getting
NYSARC’s Charitable Gift Annuity program gives you the satisfaction of giving to those who are developmentally disabled, awards you an income for life, and helps our chapters raise money. It’s the simplest, most versatile planned giving arrangement!
The gift that you make may be as small as $10,000. Your income, or annuity payment, is backed by the general assets of NYSARC, Inc.
Here are some recent rates for a Charitable Gift Annuity (these are re-calculated by the American Council on gift Annuities on an annual basis) for one person:
| Age | 70 | 75 | 80 | 85 |
| Annual Percentage Paid to Donor | 5.8% | 6.5% | 7.5% | 8.4% |
The Benefits
- Allows you to make a gift to your local NYSARC Chapter without sacrificing the income from your assets;
- Receive a substantial income tax deduction at the time your gift is made;
- Save capital gains tax and gain estate-tax savings;
- Supplements retirement income and possibly preserves Social Security benefits;
- May allow you to provide income to others, such as your loved one with disabilities.
The Payments
We offer immediate gift annuities and deferred gift annuities. The NYSARC Charitable Gift Annuity program is regulated by the New York State Insurance Department and the annuity payment is determined by using rates calculated by the American Council on Gift Annuities.
Use this calculation tool to determine your payments, call us at 518 439-8311 or e-mail us at info@nysarc.org. All information is confidential.
The annuity is structured so that under a normal life expectancy, half the initial gift goes to NYSARC and its chapter – 90 percent to the local chapter and the rest to NYSARC's Guardianship Services.
How a Charitable Gift Annuity (or Deferred Gift Annuity) Works
With the irrevocable transfer of cash or stock* to a charitable gift annuity (CGA), you create a lifelong income for yourself, and a remainder gift to NYSARC and your local chapter. Your annual income is calculated according to your age**
Deferred Charitable Gift Annuity
This plan gives a younger donor a higher rate of return when the donor wait to receive payment (defers the annuity) for a number of years. Based on rates established in 2012, here is a snapshot of what the return would be if the annuity is created in 2012:
| Age at Time of Gift | 50 | 55 | 55 |
| Deferred to Age | 65 | 65 | 70 |
| Annual Percentage Paid to Donor | 9.5% | 5.3% | 9.5% |
*Appreciated stock is easily transferred to a Charitable Gift 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.
Latest News
Demonstrating Flexibility and a Strong Work Ethic
You might say Anthony Hubbard is a man of few words but don’t let the quiet demeanor fool you!...
Click here to read more
