The American Red Cross, a humanitarian organization led by volunteers and guided by its Congressional Charter and the Fundamental Principles of the International Red Cross Movement, will provide relief to victims of disaster and help prevent, prepare for and respond to emergencies.
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Supplement Your Retirement with a Gift
At first it may sound like a
contradiction in terms: Supplementing
your retirement by giving
to the American Red Cross. But
that's exactly what many friends of
the Red Cross have done over the
years, both as retirees and during
the years leading up to retirement.
Retirees often are interested in
receiving "payments they cannot
outlive" – which is just what a
charitable gift annuity with the
Red Cross offers. If someone age
78 establishes a gift annuity with
$20,000, we will pay that person
$1,520 a year (7.6%) for the rest
of his or her life, even if they live
Gift annuities offer a safe way to
spend some of your savings – not
just the interest – and improve your
living standards. For example, do
you have low-paying certificates of
deposit that are nearing maturity?
Consider converting CD funds to a
Sally, age 76, has a $10,000 CD
that is maturing soon. She expects
to get 5% interest ($500 annually)
on a new CD. Sally also has long
thought about making an important
gift to the American Red Cross. She
decides to transfer the $10,000, at
maturity, to a gift annuity that will
pay her $720 a year (7.2%) for the
rest of her life. About $440 of her
payments will be tax free and she
will also receive a charitable
deduction of about $4,800.
We would be pleased to provide
you with a personal benefits
summary for your own charitable
gift annuity. Request an illustration now.
We respect your desire for privacy and will not make your email address available to third parties.
© Copyright 2005 The
American National Red Cross. All Rights Reserved.
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The articles in the issues of the Legacy newsletters are for general illustration purposes only. Information, Gift annuity and tax rates were current as of the time of publication. There can be no guarantee that such information will continue to be accurate in the future. Interested Donors should check with the Gift Planning Office for current rates and deduction amounts before completing their gifts. Calculations of tax deductions will vary based on applicable federal discount rates, which change on a monthly basis. The American National Red Cross is not engaged in rendering legal or tax advisory service. For advice or assistance in specific cases, the services of an attorney or other professional advisor should be obtained. Certain links in this site connect to other Web sites maintained by third parties over whom the American National Red Cross has no control. American National Red Cross makes no representations as to the accuracy or any other aspect of information contained in other Web sites.