Charitable Gift Annuity (A Benefit of Aging)
How a Gift Annuity works
1. You transfer cash or securities to NRC.
2. NRC pays you, or up to two annuitants you name, fixed payments for life.
3. The principal passes to NRC when the contract ends.
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 NRC.
- Your annuity payments may be treated as part ordinary income, part capital gains income (15%), and part tax-free income, depending on the assets used to fund the annuity.
- You can have the satisfaction of making a significant gift that benefits you now and NRC later.