Here’s how it works: In exchange for an irrevocable gift to Silicon Valley Community Foundation, SVCF pays a fixed dollar amount to you and/or a designated family member or friend for life. The amount you and/or your loved one receive is determined by the size of your gift and the age(s) of the person(s) receiving the payments. The income is guaranteed, regardless of market fluctuations. In addition to receiving a charitable deduction for a portion of the gift at the time it is established, a portion of your gift annuity income may also be income-tax-free.
Charitable Gift Annuities
As you plan for your future philanthropic giving, one option to consider is the creation of a charitable gift annuity (CGA). CGAs are a popular choice because they provide future income to you and/or a loved one for life, as well as support for organizations that matter to you.
Payment Rates Table
A contribution will be provided to SVCF at the end of the contract’s term; you also have the option of supporting one other charity in addition to SVCF. The table below gives a sample of current payment rates offered to annuitants:
One Life |
Two Lives |
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Age |
Current Rate |
Gifts made on or after Jan. 1, 2024 |
Age |
Current Rate |
Gifts made on or after Jan. 1, 2024 |
60 |
4.9% |
5.2% |
60/65 |
4.5% |
4.8% |
65 |
5.4% |
5.7% |
65/70 |
4.9% |
5.2% |
70 |
5.9% |
6.3% |
70/75 |
5.5% |
5.8% |
75 |
6.6% |
7.0% |
75/80 |
6.1% |
6.5% |
80 |
7.6% |
8.1% |
80/85 |
7.0% |
7.3% |
85 |
8.7% |
9.1% |
85/90 |
8.3% |
8.7% |
90+ |
9.7% |
10.1% |
90/95 |
9.5% |
9.9% |
*Rates subject to change
Advantages
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Payments are fixed and not affected by market turbulence
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Payments are secure, backed by all of SVCF's unencumbered assets
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A portion of the initial gift may be tax-deductible
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A portion of the payments may be tax-free
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You may be able to increase your cash flow, especially if the CGA is funded with low-yielding assets
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You might receive a capital gains tax advantage if the CGA is funded with long-term appreciated assets
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The security of fixed payments can be directed to yourself or to a loved one, such as a parent, sibling or child
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Best of all, the residuum will be used for the long-term benefit of our community
Silicon Valley Community Foundation is the region's leader for innovative charitable solutions. Let us help put your vision into action.