A charitable gift annuity allows you to make a donation to the MS Society, while also receiving a guaranteed, predetermined income for life.
Charitable gift annuities appeal to individuals who are age 65 plus who would like to maximize their current after-tax income and who would like to make a current gift to a charity but prefer not to surrender present income.
How it works: you donate a lump sum to the MS Society, who uses 70-75% of it to purchase a commercial annuity from a reputable financial services firm. This annuity pays out regular payments to you for the rest of your life. The remaining 25-30% flows directly to supporting the mission of the MS Society and is tax-receipted. In addition, any residual amount in the annuity after your death passes to the MS Society.
An example:
Female, age 78, contributes $50,000 for a gift annuity
Life expectancy
11.9 years
Annual payments @ 8.2%
$4,100
Total expected return
$48,790
Tax-free portion of payment
100%
Donation receipt
$1,210
Some advantages to creating a legacy to end MS through a charitable gift annuity are:
You are guaranteed regular payments for life
Portions of the payment are tax-free
It enables you to give a lump sum gift to the MS Society for immediate use in support of our mission
Often, annuities have a higher rate of return than GICs or savings bonds
You can chose the payment structure that bests suits you (i.e. monthly, quarterly)
The gift passes outside of the estate and is not subject to probate fees
It is easy to do by contacting your financial planner
How may I create my legacy?
Creating your legacy gift is as easy as 1, 2, 3!
Contact the MS Society—we will give you a financial illustration specific to your circumstances
Contact your financial planner to transfer funds to the MS Society
The MS Society will purchase an annuity and the regular income payments will begin
![I decided to turn my fear [of MS] into an act of hope. I made a bequest to make an active contribution towards the future of people who have MS.](../../../images/donor-quote-clement.gif)
