Charitable Gift Annuities

Thank you for your interest in 54 Freedom and charitable gift annuities. There are many charitable gift annuities available to you ,offered by organizations such as the Red Cross and the Salvation Army

Charitable Gift Annuities are fixed annuities as described by Section 501(m)(5) of the Internal Revenue Code. The transaction results in an immediate tax deduction and part of the income usually represents a return of tax-free principal. Applicable capital gain can be partially eliminated and otherwise deferred.

Summary of Charitable Annuity Benefits:

• Provides a current income tax deduction with any excess deduction carried forward for up to 5 additional tax years, if needed
  
• Partial elimination and deferral of applicable capital gain
  
• Fixed income payable over one or two lives
  
• Support charitable causes world-wide
  
• No set-up charges, on-going fees or tax filings as compared to a charitable remainder trust

For more information about Charitable Gift Annuities please call our office toll-free: 877.341.3342 or email info@54freedom.com