CHARITABLE GIFT ANNUITY
Benefits
I n exchange for your gift EFSC promises to make lifetime annuity
payments to one or two annuitants.
The contractual obligation is backed by the EFSC Foundation, Inc.,
making this a very secure source of future income.
After the death of the last annuitant, the balance of the remaining
gift will be used by EFSC for the purpose you’ve designated.
Did You Know?
Donors receive an income tax deduction based on the fair market
value of the a ssets contributed less the present value of the future
annuity payments.
Payments to annuitants are generally partly taxable as ordinary
income and capital gain (depending on the gift asset), and a portion
is usually treated as tax-free return of principal.
How it works
Gift of cash or securities
1
2
Annuity payments
and tax deduction
9
3
Remainder to EFSC