CHARITABLE GIFT ANNUITIES

MFS is a Community Foundation Tampa Bay fundholder, which allows us to offer charitable gift annuities as a way for our supporters to give back to those who've served.  Many people choose charitable gift annuities because they are a giving plan that allows you to both provide support to your favorite cause, and receive income for the rest of your life. 

Here's how it works: 

If you  make a gift of $50,000 or more (either in the form of cash or readily marketable securities), you can receive a fixed sum on a regular basis each year from the Community Foundation for the rest of your lifetime. Charitable Gift Annuities provide a fixed, never changing payment stream for you (or you and one other person), while leaving the remainder to our fund at the Community Foundation which will pay a distribution each year to the MFS when you no longer need it.  A Charitable Gift Annuity is a popular option because it may produce a larger cash flow back to you than the asset you use to make your gift.

The benefits you may receive from a gift annuity are substantial.  Here are a few:

-Income you can't outlive– a portion of which is tax-free
-Immediate charitable income tax deduction (if you itemize)
-Capital gains tax savings (if you gift appreciated securities)
-Estate tax savings
-Establishment of a charitable legacy

The gift annuity payment you receive is based on the age(s) of the annuitants with older donors receiving a higher payout than younger donors. Part of your income will be tax-free. 

The Charitable GiftAnnuity Rates for a single individual at selected ages are: