Gifts That Pay Income
Charitable gift annuities
In exchange for your gift of at least $20,000, you will receive fixed annual payments at an attractive rate for as long as you live - and an immediate income tax deduction. Gift annuities pay income to one or two income-beneficiaries and can be funded with cash or stock. Naming Ploughshares as the remainder beneficiary of your gift annuity will ensure that, when your gift annuity ends, the remainder will be distributed to Ploughshares to sustain our mission - and help to reduce and ultimately eliminate nuclear weapons.
Sample rates for a one-life gift annuity as of January 1, 2024
| Age | Current Rates |
|---|---|
| 65 | 5.7% |
| 70 | 6.3% |
| 75 | 7.0% |
| 80 | 8.1% |
| 85 | 9.1% |
| 90+ | 10.1% |
A “Legacy IRA”
A “Legacy IRA” can boost retirement income and provide future support to Ploughshares for our work long-term. Many IRA owners, 70 ½ or older, can now make a one-time, lifetime Qualified Charitable Distribution (QCD) of up to $50,000 in exchange for a charitable gift annuity. By using your Required Minimum Distribution to fund a gift annuity, you will receive guaranteed fixed payments for your lifetime. And, unlike typical IRA withdrawals, this distribution from your IRA to a gift annuity is tax-free and counts toward your RMD (for owners of RMD age).
Charitable remainder trusts
Charitable remainder trusts (CRTs) convert assets into income for one or more income beneficiaries – and can pay income for a term of years or for the lifetimes of the income beneficiaries. Donors who fund their trust with a gift of appreciated assets, like stock or real estate, do not pay capital gains tax when those assets are sold. Donors receive an immediate income tax deduction when their trust is created, and assets transferred to a charitable remainder trust will reduce the donor’s taxable estate. When the trust term ends, the remainder is distributed to qualified public charities, like Ploughshares, named by the donor as the remainder beneficiaries.