Folts Foundation - Charitable Gift Annuity

Make a gift to Folts Foundation while keeping income for life!

A simple gift that pays income for life
This type of life income can be established with a gift of $2,000 or more. In exchange for your gift, you will be paid a specific annuity. The payout rate is determined by your age. Currently, the interest rates range from 6.6 percent to 12 percent for individuals from ages 60 to 90 or over.

How it works - an example
Mrs. Donor, age 85, gives $10,000 in a Gift Annuity through the Folts Foundation, in a charitable gift annuity. She will receive an annual annuity payment of $1,040 (figured at 10.4%). Her charitable income tax deduction will be $4634.60 the year the gift is given, or spread over five years following. Of the $1,040. received each year, Mrs. Donor can exclude $789.38 as tax exempt income for 10 years.

Participation in a Charitable Gift Annuity is an easy way to make a gift to Folts Foundation while keeping income for life. It appeals most to donors who like the certainty of a fixed income.

In exchange for a donor's gift of cash or marketable securities, guarantees in writing that it will pay the donor, a fixed sum quarterly each year.

Testimonials

Jean Carpenter
"If my finances permitted, I would invest a greater amount of money in the Folts Foundation Charitable Gift Annuity. It's like a gift I receive every quarter. It's money that I don't depend on."

Doug Murphy
"Investing in the Folts Foundation Charitable Gift Annuity, I receive 10% while only getting .8% in my savings account. I feel i'm getting more income out of it. It's a steady source of income".

Thelma Stasco
"It's extra money that I receive to assist with my rent, or anything else I want. I'm very pleased with my decision to invest in Folts Foundation's Charitable Gift Annuity".

Evelyn Stitt
"With the bank interest rates being so low, I am very happy with the high interest rate that I receive from the Folts Foundation Gift Annuity. Not only does it help me personally, I like the thought that I am able to help Folts Foundation".

Marion Vienneau
"I'm very pleased with my investment in Folts Foundation Gift Annuity. I receive a 10% return on my investment. My CD, at a local bank, was getting only 2.97% and I can't survive on that. After teaching for 27 years, my pension is small. I depend on the income that I receive from my Folts Foundation's Gift Annuity."