Why Purchase a Gift Annuity?
A Gift Annuity is a secure way to lock in high rates, particularly now, while interest rates are so low. Since fixed income investments like bank CDs, money market funds, savings accounts and Treasury Bills are now paying historically low returns, a lifetime fixed income instrument like a Shaare Zedek Gift Annuity, which pays a higher rate, may prove quite beneficial for people who depend on income from their investments to pay their costs of living.
Using cash or securities to purchase a Shaare Zedek Gift Annuity, you will obtain a fixed rate based upon the age or ages of one or two beneficiaries. Part of each annuity payment is tax-free. In addition, you can claim part of the purchase price as a current income tax charitable deduction that may reduce your income taxes. The charitable portion of the Gift Annuity purchase price will be available to Shaare Zedek in the future to enable the Medical Center to carry on its important work.
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For more information including a free confidential no-obligation personal calculation of your Shaare Zedek Gift Annuity, please contact Sam Tuchman, the Planned Giving Officer of The American Committee for Shaare Zedek Medical Center, by phone (212-764-8057) or by e-mail at stuchman@acsz.org.
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