Many Friends have expressed a desire to increase their financial support of FWCC but are uncertain whether they can afford to make a large gift. A gift annuity through the Mennonite Foundation or Friends Fiduciary Corporation is a great way to help the FWCC Section of the Americas while also securing your own financial future. It’s a gift that provides you with payments for life and frees you from managing funds that you intend to eventually give away. FWCC uses Friends Fiduciary Corporation and the Mennonite Foundation to administer these kinds of planned charitable gifts.
Here’s how a gift annuity works:
You make a gift to the Mennonite Foundation or Friends Fiduciary Corporation designated for FWCC. You can give cash or marketable securities, including highly appreciated stock. In return, you receive fixed payments for the rest of your life. You can choose to receive the payments for your own lifetime, jointly with your spouse, or even name someone else to receive the payments. The amount you receive depends on your age when you make the gift, and also when you begin the income stream. For example, a 70-year-old would receive payments of 5.6% of the gift amount each year. You receive an immediate charitable income tax deduction for a portion of your gift, and then part of each of your annuity payments is tax free—until you reach your projected life expectancy.
Here’s how it benefits FWCC:
FWCC is delighted to receive funds through a gift annuity. We receive the part of your gift that is left after your death. Gift annuities allow us to anticipate future donations and plan accordingly. After ensuring your financial future, your gift continues as a legacy that ensures our future.
How to learn more:
We’re here to help you decide whether this is a giving strategy that is right for you. We’ll show you exactly what annuity rate and tax savings you would receive if you give a gift, and help you understand what planned giving strategy might benefit you the most.
To request a gift annuity application or for more information, contact:
Robin Mohr of Friends World Committee for Consultation at (215) 241-7157