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Charitable Gift Annuity
(A Benefit of Aging)
How it works
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You transfer cash or securities to the CSO.
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The CSO pays you, or up to two annuitants you name, fixed income for life.
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The principal passes to the CSO when the contract ends.
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Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your annuity payments are guaranteed for life, backed by a reserve and the assets of the CSO.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You can have the satisfaction of making a significant gift that benefits you now and the CSO later.
For more information
Email us, complete the personal illustration form, or call us at 312.294.3111 so that we can assist you through every step of the process.
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