Whether you are approaching or are in your retirement years, you may be wondering how you can ensure that you don’t outlive your assets. There’s a way to lock in fixed payments that are safe from market fluctuations, all while supporting Texas Parks and Wildlife Foundation (TPWF).
Consider a charitable gift annuity. Here’s how it works:
- You give assets to TPWF.
- We pay you a fixed amount each year for the rest of your life.
- The assets remaining after your lifetime support the wild things and wild places of Texas.
You will also enjoy tax benefits at the time of the gift and on future payments. There are additional benefits if you give appreciated stock, including eliminating capital gains tax on a portion of the gift.
You can have peace of mind knowing the amount you’ll receive each year will not change, regardless of a fluctuating market.
For a Loved One
The gift annuity can be for one or two people, so you can include your spouse or another loved one as a recipient. You can also make the gift in someone’s name and they will receive the payments for their lifetime.
If you are 70½ or older…
…you can now use your IRA to create a gift annuity by making a one-time election of up to $50,000 (without being taxed on the distribution). Because this option comes with special rules, we’d be happy to discuss whether this gift is right for you.
Would You Like Predictable Income?
Contact Phil Lamb at 214-720-1478 or plamb@tpwf.org for more information about the security of lifetime payments and ensure your support for Texas’ wild things and wild places lives on for generations to come.
