Charitable Gift Annuities

A charitable gift annuity is a simple contract between you and The Columbus Foundation that gives you the opportunity to make a charitable gift and secure a stream of income for life. Under this agreement, you may transfer assets (cash or securities) to the Foundation in exchange for the Foundation’s commitment to pay a fixed amount to you for the remainder of your lifetime. Upon the termination of the gift annuity, the remaining assets are then contributed to your fund at the Foundation.


BENEFITS INCLUDE:

  • A lifetime stream of income for one or two people
  • Immediate charitable deduction and tax savings
  • The opportunity to support favorite causes in perpetuity with
    the remainder
  • Become a member of The Columbus Foundation's Legacy Society


CHARITABLE GIFT ANNUITY RATES

 

ONE LIFE
Age

60 

65

70

80

90

Annuity Rate:

5.0%

5.3%

5.7%

7.1%

9.5%

TWO LIVES
Ages

60/60

65/65

70/70

80/80

90/90

Annuity Rate:

4.6%

4.9%

5.2%

6.1%

8.3%

 

SCENARIO

Helen, contributes $100,000 in cash to The Columbus Foundation to establish a charitable gift annuity. Based on her age of 75 and a federal discount rate of 3%, she will receive an annual annuity rate of 6.3% or $6,300 ($100,000 x 6.3%) each year for life.
 

QUESTIONS

To create your charitable gift annuity fund or to find out more, call our Donor Services team at 614/251-4000 or by e-mail.