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Inside This Issue

Preparing for Tomorrow's Fires, Today
Supplement Your Retirement with a Gift
Charitable Trusts Can Help, Too
Trusts Can Increase Retirement Nest Eggs


Mission Statement

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

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 to 105!

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 gift annuity.

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.

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© Copyright 2005 The American National Red Cross. All Rights Reserved.

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Disclaimer:

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.