Charitable Gift Annuities
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Free Brochure
When you are looking for ways to help Tower Cancer Research Foundation with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support Tower's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with Tower you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.
Check Out This Potential Scenario
Say that Dennis, 66, and Mary, 65, want to make a contribution to Tower that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with Tower. Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,745* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See How It Works
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
- Contact Linda David at 310.299.8472 or Linda.email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Tower.
- Seek the advice of your financial or legal advisor.
- If you include Tower in your plans, please use our legal name and federal tax ID.
Legal Name: Tower Cancer Research Foundation
Address: 8767 Wilshire Blvd., Suite 401, Beverly Hills, CA 90211
Federal Tax ID Number: 95-4596354