“I was elated to know that I could make a special gift to Ocean Conservancy AND receive a tax deduction AND say thank you to my beloved stepfather, Louie, through a charitable gift annuity.”
– Jeannie Hartman
You can generate extra income for yourself, and even a loved one, while protecting the ocean and marine life for years to come.
If you’re thinking about these types of gifts, we recommend consulting with your financial partner and with Ocean Conservancy to select the gift that’s best for you.
Charitable Gift Annuities
How Charitable Gift Annuities Work:
- You donate cash or securities to Ocean Conservancy (our minimum donation is $10,000 and you must be at least 65 years old).
- You receive fixed annual payments for the rest of your life, at an appealing rate.
- Your gift will benefit you first and later will support Ocean Conservancy’s future work to protect a healthy and diverse ocean.
Your Payment will Never Change
You will receive fixed annual payments for the rest of your life.
You May be Able to Reduce Your Tax Burden
You may be eligible for an income tax deduction for the year you make the donation.
Provide Financial Security
Gift annuities are an ideal way to provide financial security for you and a loved one.
Avoid Some Capital Gains Tax
You may avoid some capital gains tax when you use appreciated stock to fund your gift annuity.
Sample Payment Rates
If you don’t need the income immediately or you have not reached age 65, you can schedule payments to begin at least one year after your donation or once you reach age 65. The longer the deferral period, the higher your payment rate.
* Rates as of July 1, 2020. Based on one beneficiary. Your rate will never change once your gift annuity is established. Contact us for ages/rates not shown here.
Laura, age 82, has stock worth $25,000 that she bought years ago for $10,000. She decides to donate her stock to fund a charitable gift annuity. She receives a payment rate of 7.0% a year. Her annual payment is $1,750, and she avoids paying about half of the capital gains taxes that would otherwise be due. She also receives an immediate income tax deduction of $12,509.
Sam and Jane, ages 82 and 78, want to support Ocean Conservancy's work, but want to ensure they have sufficient income for the remainder of their lives. They donate $100,000 to Ocean Conservancy to establish a gift annuity that will benefit them for both of their lifetimes. In addition to an annual payment of $5,300 for as long as each of them lives, they will receive an immediate income tax deduction of approximately $41,675.
Charitable Remainder Trusts
How Charitable Remainder Trusts Work
You can donate cash or appreciated securities to Ocean Conservancy and receive payments for life, or for a fixed number of years, in return.
You avoid paying capital gains taxes on sales of appreciated assets
You convert the full value of these assets into a lifetime income stream
You receive a significant charitable income tax deduction
You remove assets from your taxable estate
Virginia and Howard, both age 67, have been members of Ocean Conservancy for years. They care deeply about the ocean and its future, and have decided to transfer $400,000 in highly appreciated stock into a 5% charitable remainder trust.
- They have created additional retirement income.
- They reduce their taxable estate and avoid significant capital gains taxes.
- They support Ocean Conservancy and ensure a healthy ocean for generations to come!
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The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, it is expressly recommended that you consult an attorney, financial advisor or other qualified professional.