Giving Through A Gift Annuity

The charitable gift annuity is often an ideal way for people who wish to make a meaningful gift to LSS, but who also want to provide for their own financial well-being. You can give cash, stocks, bonds, or mutual fund shares to establish a gift annuity. You and/or someone you designate will receive fixed payments for life. You also will enjoy tax benefits.

If you are retired, a gift annuity is an attractive way to make a charitable gift while supplementing your retirement income.

The rates of return for these gifts are often attractive. LSS of South Dakota uses the charitable gift annuity rates recommended by the American Council on Gift Annuities. The rates begin at 6.6 percent for someone age 60 and go up to 12 percent for someone age 90 and older.

For example, an "LSS of South Dakota friend", age 75, transfers $10,000 to LSS of SD for a gift annuity. This individual will receive a guaranteed annual income of $710, of which approximately $448 would be a tax-free return of principal. This friend also will receive a charitable tax deduction of approximately $4,433.

There are several other options to explore with gift annuities. For a complimentary illustration of a gift annuity for you, please contact us at the address below.

Please consult with your legal and tax advisors when considering a gift annuity.

Resource Development
Heidi Schultz, Vice President, Resource Development
705 East 41st Street, Suite 200
Sioux Falls, SD 57105
1-605-357-0103
1-800-568-2401 Ext. 103
Fax: 1-605-357-0140
Email: Heidi Schultz

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