Leave a Legacy in Cancer Research
Donors who wish to leave a substantial legacy in cancer research may make a planned gift with the AACR Foundation. Planned gifts generally are made from a donor's assets rather than income and take into consideration important financial, tax, and estate planning goals to maximize benefits to both the donor and the AACR Foundation.
Types of planned gifts include:
- Charitable Gift Annuity
- Charitable Lead Trust
- Charitable Remainder Trust
- Bequest in a will
- Real estate
- Life insurance
It is recommended that you consult with your tax or legal advisor prior to making a planned gift. Advisor inquiries are welcome.
For further information or assistance concerning planned gifts, please contact Lisa Dunlop, CFRE, Director of Individual and Planned Giving at (267) 646-0622.
SPOTLIGHT
AACR Foundation Gift Annuity rates are going down effective July 1, 2008. There is still time to lock in a higher rate of income - for life!
Act Now! Take Advantage of Higher Gift Annuity Payout Rates
Effective July 1, 2008, the suggested rates from the American Council on Gift Annuities will decrease because of current economic conditions. Therefore, if you are considering making this type of charitable gift, which pays income for life, you can receive higher payments if you complete your gift prior to July 1, 2008.
Charitable gift annuities are gifts made to charitable organizations and are created by a simple contract between you and the AACR Foundation. Charitable gift annuities can usually be completed in a couple of days.
Lifetime Payments
The charitable gift annuity generates fixed payments for life to you (and/or someone you designate) while ensuring a significant gift to support cancer research at your death. The amount you receive is determined by your gift amount and your age; the older you are, the higher your income rate. See the rates in effect now and those beginning July 1, 2008, below. After your lifetime, or yours plus that of a second income beneficiary you choose, we are able to use the remainder of your gift for the most promising areas of research.
Your Tax Benefits
You may create a charitable gift annuity with a gift of cash, marketable securities or other property. Because we are a charitable organization, gifts made in exchange for gift annuities are eligible for a charitable income tax deduction for a portion of the amount contributed in the year the gift annuity is created. Giving appreciated assets can reduce donors' capital gains taxes.
Contact Us
To benefit from the higher rates in effect now through June 30, 2008, contact Lisa Dunlop.
AACR Foundation Gift Annuity Rates
|
Age of Donor
|
Through June 30, 2008
|
Effective July 1, 2008
|
|
50
|
5.3%
|
5.1%
|
|
55
|
5.5%
|
5.3%
|
|
60
|
5.7%
|
5.5%
|
|
65
|
6.0%
|
5.7%
|
|
70
|
6.5%
|
6.1%
|
|
75
|
7.1%
|
6.7%
|
|
80
|
8.0%
|
7.6%
|
|
85
|
9.5%
|
8.9%
|
|
90+
|
11.3%
|
10.5%
|
Note: Charitable gift annuities are not available in all states and not all organizations offer CGAs at the above ages and rates. Contact us for current rates.