Charitable Gift Annuities
Simply put, a gift annuity is a contract between Seattle Opera and a donor, in which for the exchange of cash or assets the Opera agrees to pay a fixed sum of money to the donor for the duration of the donor's life, after which the remainder is left to Seattle Opera's Endowment. You can support Seattle Opera and guarantee a stream of income for yourself for the rest of your life - or a loved one's life - at the same time.
This life-long, guaranteed quarterly or yearly payment is just one benefit of a gift annuity. Other benefits include: an immediate charitable tax deduction, a portion of the payments is tax-free income for a given amount of time, you have the option to designate another person or couple as the beneficiary of the annuity - perfect for those looking to provide for loved ones.
Payment rates are based on the age of the annuitant (the person receiving the payment) and will likely be higher than you would receive from fixed-income investments. Payments can begin immediately or deferred to a later date.
We would be more than happy to prepare a free illustration on how a charitable gift annuity can benefit you. From information you provide, this illustration will show you the guaranteed annual payments, the charitable tax deduction for you, and other information to help you in your decision.
View an example of a Charitable Gift Annuity.