A gift annuity can help free you from concerns about low interest rates, the ups and downs of investment markets and the possibility of outliving your resources.
Step One: You make a gift of cash, stock or other appropriate property to Cal Farley’s.
Step Two: Cal Farley’s promises under the terms of a simple agreement to provide fixed payments to you and/or anyone you name. Payments are backed by all of Cal Farley’s available resources. (See the chart below for examples of current payment rates at various ages.)
Annuity payments can begin immediately or can be delayed to a later date. The longer the starting date, the higher the payments will be under most circumstances.
A Cal Farley’s charitable gift annuity can be paid to two people age 70 or older.
Your payments are based on the age of the persons receiving the annuity income when they begin. Your donation to fund a Cal Farley’s charitable gift annuity can be a combination of cash, stocks, bonds and/or mutual funds. A home or other real estate may also be used to fund your gift annuity where appropriate. In most cases, no capital gains tax will be due on the long-term increase in value of donated assets at the time of your gift. Capital gains tax will never be due on the gift portion of the assets while the remainder will be gradually reported over your life expectancy.
Many Cal Farley’s supporters have found gift annuities to be a source of additional income during their retirement years while eventually making a gift that will provide future support for the children of Cal Farley’s.
NOTE: Cal Farley’s charitable gift annuities may not be available in all states.
Cal Farley’s provides this information as a courtesy to our generous supporters. It is not intended to offer professional financial, accounting or tax advice. Always consult with your financial adviser before making decisions affecting your long-term financial planning.
P.O. Box 1890
Amarillo, TX 79174 - 0001