Charitable Gift Annuity

Gifts That Pay You Income

There is a way for you to support ORT America and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.

With a charitable gift annuity you agree to make a gift to ORT America and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. The balance is used to support our work.

This type of donation can provide you with regular payments for life and allow ORT America to further our mission. You can also qualify for a variety of tax benefits depending on how you fund your gift.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

See How It Works

An Example of How It Works

Couple smiling Dennis, 75, and Mary, 73, want to make a contribution to ORT America but they also want to ensure that they have dependable income during their retirement years. They fund a $25,000 charitable gift annuity with appreciated stock that they originally purchased for $10,000.

Based on their ages, they will receive a payment rate of 5.7%, which means that they will receive $1,425 each year for the remainder of their lives. They are also eligible for a federal income tax charitable deduction of $10,306* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support the ORT America students.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Next Steps

  1. Contact Robin Isaacson at 212.547.9150 or PlannedGiving@ORTamerica.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with ORT America.
  2. Seek the advice of your financial or legal advisor.
  3. If you include ORT America in your plans, please use our legal name and federal tax ID.

Legal name: ORT America
Address: 75 Maiden Lane, 10th Floor, New York, NY 10038
Federal tax ID number: 13-5562424

Payments for Life

Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.

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Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit