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Charitable Gift Annuity
Example #2
  
Bob Barker owns a small business, and is 61 years old. His wife, Denise, is 60. They set up a Gift Annuity with Radio Kansas with $50,000 in cash. They are in the 35% tax bracket.

With the ages and life expectancies of both in mind, the standard rate determined by the American Council on Gift Annuities would give them a 5.5% return each year for as long as one of them lives.

They will also receive a current tax deduction of $11,526 which may save them $4,047.

They will receive an annual payment of $2,750 for as long as one survives. Of that payment, $1,339 will be tax free for the first 29 years.

In the end, Radio Kansas is expected to receive the full $50,000 amount from the annuity with no probate fees and no estate taxes. On average, the Barkers would be expected to receive a total of $83,600, for an effective payout of 7.6%, while Radio Kansas is expected to retain the full value of the initial gift of $50,000.

 
Radio Kansas will be glad to prepare a more detailed custom
estimate of a Gift Annuity for you. All information submitted
will be treated as confidential.

Request custom estimate

  All of these figures are estimates, offered here strictly as an example. Radio Kansas cannot offer tax or legal advice. Please consult a tax advisor for final figures in your specific situation.  



For more information, contact Sharon Webb at 1-800-723-4657
or swebb@radiokansas.org.




 
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