The Tax-Advantaged Gift that Pays You Back
A Charitable Gift Annuity (CGA) is a simple way to support the Jefferson County Library District while also receiving a reliable, fixed income for life.
How it works:
- You make a gift of cash or appreciated assets to benefit the Jefferson County Library District.
- In return, you receive guaranteed payments for your lifetime and/or the lifetime of a loved one.
- Payments can begin right away or at a future date you choose.
- Your payment rate is based on the age(s) of the income beneficiary(ies) when the gift is made. Once set, the rate never changes—providing stability even in uncertain markets.
Your Benefits:
- Predictable, secure lifetime income for you and/or another beneficiary.
- A current charitable income tax deduction, with unused deductions carried forward for up to five years.
- Ability to avoid or defer capital gains taxes when you use appreciated assets.
- Partially tax-free income for the lifetime of the annuitant(s).
- Lasting satisfaction in supporting the future of the Jefferson County Library District.
Simple, Secure, and Meaningful.
With just one agreement, you can create a steady income stream and make a gift that ensures the library continues to enrich lives for generations.
Please Note: This information is for learning purposes only. Please check with your tax advisor for guidance on your own situation.