American Technion Society

Time is Running Out for the Best CGA Rates

 
A Charitable Gift Annuity (CGA) is a popular gift option for donors over 65 because a CGA pays an income (in the form of an annuity) to the donor and supports a charity, like the American Technion Society (ATS).
 

If you act before July 1 you and people you know still have the opportunity to lock in CGA annuity payments at higher rates. These rates are scheduled to drop as of July 1, so you must act now to maximize your annuity payments through a CGA.
 

With only about 2 weeks left to lock in a higher annuity rate, we encourage you to spread the word to family, friends, and clients. There is enough time to contact us to establish a CGA, but you must act soon.
 

So what exactly is a CGA and why is it the gift of choice for so many older adults?
 

A CGA is a life income gift established by execution of a simple agreement between you and the issuing organization. In exchange for a gift of cash or marketable securities, the issuing organization will pay you a fixed income for life, based on your age. Annuity payments, once established, are guaranteed and will not be affected by inflation, financial market corrections, or fluctuations in the economy.
 

By establishing a CGA, you will also enjoy an immediate income-tax deduction, which will provide you tax savings. Upon your passing, the assets of the annuity revert to the charity for its use.
 

When you establish a CGA with the ATS you will not only enjoy all of the financial benefits described above, but you will also have the satisfaction of knowing that you are contributing to Israel's well being and the good of all humanity. The Technion is Israel's premiere science and technology university and one of the major research centers in the world. The Technion leads the world in groundbreaking research from counter-terrorism to finding cures for diseases like cancer and Alzheimer's disease.
 

To see the current annuity rates for a one-life or two-lives CGA, go to http://support.ats.org/site/R?i=LgHqlK_dSV_AZZsf4URjrg.
 

For more information about this gift option or other planned giving opportunities with ATS, please contact me, Mark L. Hefter, Esq., at mark@ats.org or at (212) 407-6313.
 

 

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