Generate Reliable Income While Supporting AFI: Charitable Gift Annuities

Discover a powerful way to contribute to ABS-CBN Foundation International’s (AFI) mission and secure steady income during your retirement years through Charitable Gift Annuities (CGA).

A CGA provides you with fixed annual payments for life in exchange for transferring assets to AFI. This straightforward agreement guarantees you regular income while supporting AFI’s important work. By funding your gift annuity with cash or appreciated property, you not only receive a lifelong annuity, but also qualify for potential tax benefits. The annuity payment rate is determined by your age or the age of your chosen beneficiary.

Minimum age to establish a CGA: 60
Minimum gift amount: $50,000

If you fund your gift annuity with cash or appreciated property, you may qualify for a federal income tax deduction. Additionally, funding with appreciated property can minimize capital gains taxes.

More benefits of funding a charitable annuity:

  • Fixed annuity payments are shielded from stock market fluctuations.
  • Your contributed assets are excluded from your taxable estate.

Great news! You can now fund your gift using IRA assets. If you are 70½ or older, you can make a one-time election of up to $50,000 to fund a gift annuity. While this gift doesn’t offer an income tax deduction, it’s exempt from income tax liability upon transfer and can count toward your required minimum distributions.

Calculate Your Benefits

Submit a few details and see which gift is right for you.

*Your payments depend on your age at the time of the donation.

If you are younger than 60, exploring the Deferred Charitable Gift Annuity (DCGA) can be a smart move.

With a DCGA, you can claim a charitable deduction in the year of your gift while deferring annuity payments to a later date of your choosing. To establish a DCGA, you must be at least 50 years old, and the minimum gift amount is $50,000.

Under this plan, you have the flexibility to select a future time for annuity payments, such as upon retirement or when you reach age 70, as long as it’s not earlier than age 60.

Benefits of funding a charitable annuity:

  • Fixed annuity payments remain steady, shielded from stock market fluctuations.
  • Your contributed assets are excluded from your taxable estate, providing potential estate tax savings.

Next Steps

Please remember to notify us about your generous donation of a Charitable Gift Annuity (DCGA) and share your intentions. This will allow us to express our gratitude as a lifelong member of AFI and engage in a conversation about the impact you desire your gift to make.

Contact Us

Contact us for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with AFI.

Seek advice

Seek the advice of your financial or legal advisor.

Include AFI Details

If you include AFI in your plans, please use our legal name and federal tax ID.

Legal Name:
ABS-CBN Foundation International
Address:
1350 Old Bayshore Hwy Ste 520 PMB 314
Burlingame, CA 94010
Federal Id:
94-3292281