Charitable Gift Annuity—Immediate Payment

 

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How It Works

    1. Transfer cash or other property to The Florida Bar Foundation
    2. The Florida Bar Foundation guarantees to make lifetime payments for up to two annuitants

 Benefits

  • Guaranteed payments for life that are favorably taxed
    1.  When gift is funded with cash, part of payment will be tax-free
    2.  When gift is funded with appreciated property, part will be taxed as capital gain,
         part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for The Florida Bar Foundation


Next Steps

 

The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to The Florida Bar Foundation. We would be pleased to discuss, in confidence, ways in which you may support The Florida Bar Foundation. These measures may also have an impact on your estate planning.

 

 

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