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New Charitable Gift Annuity Rates Coming!

We have some exciting news that can boost your retirement income and support Holocaust Museum Houston. Effective July 1, 2018, charitable gift annuity rates will increase.

How It Works

The concept is simple. With a charitable gift annuity, you make a donation using cash, marketable securities or other assets, and we, in turn, pay you a fixed amount for life. With this type of gift, you can feel secure knowing you can count on receiving stable payments for as long as you live. If you make your gift on or after July 1, the gift annuity rates will be an estimated 30 to 50 basis points higher than current rates based on your age at the time of the gift.

Now is the time to contact Stephanie Dugan, CAP® at 713-527-1629 or sdugan@hmh.org to begin planning your gift!

Here’s an Example of How You May Benefit

Under the current rate schedule, Mary, 79, transfers $25,000 in exchange for a charitable gift annuity. She will receive annual payments of $1,650, a rate of 6.6 percent. Instead, if Mary waits to make her gift on or after the new rate schedule is in place on July 1, the same gift amount will provide $1,775 in annual payments, reflecting a 7.1 percent rate. That’s a payout rate increase of approximately 7.5 percent.

New Rate Charts (effective July 1, 2018)
One Recipient Two Recipients
Age Rate Ages Rate
60 4.7% 60/65 4.3%
65 5.1% 65/70 4.7%
70 5.6% 70/75 5.2%
75 6.2% 75/80 5.7%
80 7.3% 80/85 6.6%
85 8.3% 85/90 8.0%
90+ 9.5% 90/95+ 9.3%

Additional Benefits

Beyond increasing your retirement income as you help shape HMH’s future, gift annuities offer you tax benefits, including:

  • A partial income tax charitable deduction now for your gift when you itemize.
  • Part of each payment is income tax-free throughout your estimated life expectancy.

Tip: Consider Giving Appreciated Assets

Funding a gift annuity with appreciated assets, such as securities, will not only provide you with reliable payments for life and allow you to support HMH’s work, but it can offer financial benefits. You will receive a federal income tax charitable deduction (when you itemize) in the year the gift is made and eliminate part of the capital gains tax you would have paid if selling the securities.

We Can Help

We would be happy to send you a free, no-obligation illustration showing you the increased benefits you can receive from a charitable gift annuity if you make your gift on or after July 1, 2018. Your personalized illustration will include your potential income tax charitable deduction and our annual payments to you for life. Contact Stephanie Dugan, CAP® at 713-527-1629 or sdugan@hmh.org to begin.

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