Charitable Gift Annuities
If you are over 60 years of age, you can make an irrevocable gift (minimum of $10,000) to ensure Glenwood’s future and receive fixed lifetime annuity payments for yourself and other beneficiaries. You are also entitled to a substantial charitable gift deduction when you make your gift and a portion of your gift annuity payments will have reduced taxes. In addition, if you use highly appreciated assets to fund your gift, capital gains tax can be minimized. The annuity payment is determined by your age at the time you make your gift and the older you are, the higher the rate.