Deferred Gift Annuity (Future Planning For Everyone's Benefit)
How it works
You transfer cash, securities or other property to the Red Cross.
Beginning on a specified date in the future, the Red Cross begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
The principal passes to the Red Cross when the contract ends.
Benefits
You receive an immediate income tax deduction for a portion of your gift.
You can postpone your annuity payments until you need them, such as when you reach retirement or when a grandchild begins his or her college education.
The longer you defer your payments, the higher the effective rate you will receive. In the meantime, the principal grows tax-free.
You can have the satisfaction of making a significant gift now that benefits both you and the Red Cross later.
