Don’t you wish that you could find a way to financially support Hillcrest Family Services and the work it does with children and families and still receive the annual income upon which you depend?

This time of year you may be making decisions about the reinvestment of certificates of deposit which have come due. You may be thinking about April 15 and income tax issues. A charitable gift right now might be something to consider. A life income gift like a Charitable Gift Annuity may give you many benefits.

The Presbyterian Church (USA) Foundation offers Charitable Gift Annuities which serve Hillcrest. The Foundation has a long history and solid reputation. Established in 1799, it is one of the strongest administrative foundations in the country, currently managing in excess of $2 billion in life income gifts, endowment and investments. Hillcrest is pleased to have the Foundation as its partner. You do not have to be a member of a Presbyterian congregation to acquire a Charitable Gift Annuity through the Foundation on behalf of Hillcrest. Contact the Hillcrest office for current rates.

You may be familiar with how a gift annuity works. You transfer appreciated stock with a value of $10,000 to the Presbyterian Church (USA) Foundation. The Foundation agrees to give you “x” number of dollars every year for the rest of your life. The arrangement benefits you in several ways, including tax relief if you itemize deductions. Some people like gift annuities so well they purchase one every year.

But did you know that you can make Charitable Gift Annuities work for others?

Let’s say your mother is 86 years old and lives on a fixed income. If you purchase a gift annuity for $20,000 and name her as the annuitant, she would receive guaranteed payments of $1,980 annually for the remainder of her life.

Or perhaps you want to supplement the retirement programs of your two adult children. If you establish a deferred payment gift annuity for each of them, you can determine at the outset when you provide the initial funds when the payments to your children would begin. It could be at age 55 or later. Again, the benefits are considerable — for you, your children and for Hillcrest.

You can even give a Gift Annuity to a non-family member as a special way to honor and benefit a treasured friend, a former employee or a revered teacher. There are tax implications with this arrangement which you will want to check out with your advisors.

A Gift Annuity is one important element of insuring that the mission of Hillcrest can be fulfilled into the future. By providing some simple information, a confidential illustration of benefits can be done within days to let you see the possible income for the annuitant. Please contact , Director of Development at 563-583-7357 or toll free at 877-437-6333 for further information about Charitable Gift Annuities or click here.