Viewers who would like to make large contributions to THIRTEEN now, but need the income from their investments, often find the Charitable Gift Annuity is the perfect way to support the future of the station.
How a Charitable Gift Annuity Works
Make a gift of cash or stocks/bonds to THIRTEEN in exchange for a gift annuity. We reinvest the assets and agree to pay you fixed payments for life (and, if desired, for another beneficiary’s lifetime). These payments do not fluctuate and they are made every three months as long as the income beneficiary is living. Then, the funds are used to support our work or to create a named endowment to perpetuate the kind of programming you enjoy.
The annuity rate is related to the ages of the recipients. In recent years, participants in THIRTEEN’s gift annuity program have enjoyed rates ranging from 4% to more than 9%, depending on the age of the recipient.
Benefits for Viewers Who Support THIRTEEN this way
- The portion of the transaction that is considered a gift qualifies as a charitable deduction.
- Part of the annual payments is considered a tax-free return of capital, excluding it from gross income until you reach your life expectancy.
- If you contribute appreciated securities, only a portion of the capital gain is reported and it’s payable over your life expectancy — not in one year.
To Learn More
Please contact us for more information or, click here to calculate the benefits you would enjoy:
Office of Planned Giving
THIRTEEN
825 Eighth Avenue
New York, NY 10019
(212) 560-4989
plannedgiving@thirteen.org
