Gift Annuities Benefit Donors, Nonprofits
By
Shelly Banjo
and Kristen Mcnamara
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A portion of the annuity payments are tax-free and donors can take an upfront income tax deduction on the gift.
You can also recognize taxable gains on appreciated property, such as stock, over your life expectancy instead of paying capital gains tax all at once, as you would if you sold the property and purchased a commercial annuity.
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Shelly Banjo
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