AnnuitiesWays to Create a Lasting Legacy Through Gift Planning - Charitable Gift AnnuitiesSupporting AHAF with a Charitable Gift Annuity benefits both the annuitant and those suffering from age-related, degenerative diseases. AHAF offers an annuity program for each of its three programs:
A Charitable Gift Annuity is a way for people to transfer cash or other assets, such as stocks or bonds in exchange for a fixed payment for the rest of his /her life. The amount of each payment is determined by the age(s) of the annuitant(s) when the annuity is funded. Proof of age, such as a photocopy of a driver’s license or birth certificate, is required to determine the payment rate. An annuity agreement is signed by the annuitant, and both the AHAF Treasurer and Secretary. This is a binding contract and the money cannot be returned. The payments may never be reduced or changed for life. An annuity may be purchased for a single party (1 life) or two parties (2 life). For example, the two parties could be husband and wife, aunt and niece, or father and daughter (the possibilities are endless.) The percentage of return on a two-life annuity is based on the youngest party. A married couple will often choose an annuity to ensure that both parties will enjoy a steady income for life. The minimum amount for funding a gift annuity with the American Health Assistance Foundation or one of its three programs is $5,000 and the minimum age to fund a gift annuity is 55 years old. The annuitant has the option to receive payments annually, semi-annually, quarterly, or monthly. In the year the annuity is funded, the annuitant is entitled to an income tax deduction for a portion of the entire amount of the annuity. If you are unable to utilize the entire amount as a deduction in the year you funded your annuity, you may carry forward the unused amount for up to an additional five tax years, as long as you claim the maximum allowable amount each year. A Charitable Gift Annuity is a good, sound investment as the annuitant receives:
If you would like to learn more, complete the Annuity Prospect Form, send it to AHAF, and we will provide you with a personalized annuity proposal. OBTAINING A PROPOSAL DOES NOT ENTAIL AN OBLIGATION TO PURCHASE AN ANNUITY. You are also welcome to contact Gayle Handiboe at 1-800-437-2423..< body> Source: Supporting the American Health Assistance Foundation (AHAF) with a Charitable Gift Annuity benefits both the annuitant and those suffering from age-related, degenerative diseases. Read more… Last Reviewed On: 11/21/08 |
American Health Assistance Foundation 
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