American Red Cross Bay Area

Guaranteed Income for Life

If you are looking for ways to increase your income during retirement, the Red Cross Charitable Gift Annuity is an answer. It's a method of charitable giving that offers you a long list of benefits.

For example, if Mary Green (age 80) makes a $25,000 irrevocable gift to the American Red Cross Bay Area, the Red Cross will pay her $2,000 annually for the rest of her life with her 8 percent annuity rate. Payments are partially tax-free and Mary can claim a charitable deduction on this year's income tax return.

General Participant Information for an Annuity

Minimum $5,000 contribution—no maximum
Minimum age 65 (Under 65? See the Deferred Charitable Annuity)
Annuity programs for one life or two lives
Simple application and contract
Rates not based on gender or health
No medical questionnaire or examination
No limit on number of annuities
Receive quarterly payments by check or direct deposit
Fund the annuity with cash, appreciated stock or mutual funds

Your Benefits from the Red Cross Gift Annuity

Demonstrate compassion for your community
Support vital programs of the Red Cross
Annuity rates and payments guaranteed for life
Membership in the Legacy Society
Immediate income tax deduction
Possible avoidance as well as deferral of capital gains tax
Possible reduction in estate tax
No setup or annual fees
No commissions to pay
Never worry again about stock market and interest rate fluctuations

Before deciding on a Red Cross Charitable Gift Annunity, we recommend that you consult your tax advisor or attorney for full advice on the effect of your gift.

For more information and a personalized, no obligation illustration, please contact Gary Ogburn at ogburng@usa.redcross.org, (415) 427-8171, or Bill Ruettinger at ruettingerw@usa.redcross.org, (415) 427-8989.

Annuities