Receive Life Income with a Sweetser Gift Annuity
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What is a Sweetser Gift Annuity?
It is a contract between you and Sweetser in which assets are transferred to Sweetser in return for guaranteed regular payments for one life or two. Annuities offer attractive rates and are determined by your age. The older you are, the higher your pay-out rate is.
How does a Charitable Gift Annuity benefit Sweetser?
Your annuity gift works for you during your lifetime. Upon your death, these assets will support Sweetser services.
How does a Sweetser Annuity help you?
In addition to providing support to Sweetser, you receive a generous income for life (see chart). A significant portion of income is tax free PLUS you receive an immediate tax deduction in the year your gift is made. Gifts funded with appreciated securities can save significantly on capital gains taxes as well.
How can you participate?
Contact Kelly Thayer, Director of Development, at 207.294.4495. The minimum annuity contract Sweetser offers is $5,000. With stock market volatility and savings rates so low, NOW is a great time to consider a gift annuity.
Benefits of a $10,000 Charitable Gift Annuity
|Age||Annuity Rate||Annuity Payment||Tax Free Income||Taxable Income||Charitable Deduction|
*This illustration assumes an IRS discount rate of 3.2%.
To receive an illustration or more information about Sweetser’s Gift Annuity program, please contact Kelly Thayer, Director of Development:
Mail: 50 Moody Street, Saco, Maine 04072