Charitable Gift Annuity - Immediate
How It Works
You transfer a minimum of $10,000 in cash or securities to Paterson Habitat for Humanity.
Paterson Habitat pays up to two beneficiaries (including you, if you wish) fixed income for life.
Beneficiaries must be at least 60 at the time that payments are to be received.
The remaining balance passes to Paterson Habitat when the contract ends at the death of the last beneficiary.
Benefits
Receive dependable, fixed income for life in return for your gift.
In many cases, increase the yield you are currently receiving from stocks or CDs.
Receive an immediate income tax deduction for a portion of your gift.
A portion of your annuity payment will be tax free.