Howard just celebrated his 80th birthday. He’s doing ok, living on Social Security and some income from a few investments. JCFS Healing Network really helped him cope with his wife’s long illness and the loss when she died. He used to make annual donations to JCFS, but that doesn’t fit into his monthly income. He has a little money set aside in money market accounts – about $20,000 -- and decides now is the time to put it to good use. He uses the money to purchase a Charitable Gift Annuity for the benefit of JCFS through the Jewish Federation. It’s a very simple arrangement that provides him with additional income every month for the rest of his life and the remainder of the $20,000 will go to JCFS after.
A charitable gift annuity benefits both the donor and the charity.
- In return for a gift to JCFS, the donor receives regular, fixed payments for life.
- After the donor’s lifetime, the remainder of the gift goes to JCFS.
- This provides security for you during your lifetime and security for JCFS after.
We welcome the opportunity to speak with you and your attorney or financial adviser about this and other ways you can continue to support JCFS beyond your lifetime. For more information or to schedule a conversation, please contact Barbara Chandler, Development Associate for Endowments, 312-673-3211 or click here to send Barbara an email.