When you create a charitable gift annuity with $10,000 or more at Lincoln Community Foundation (LCF), you receive fixed payments for life while providing lasting support to your community.
Here's how it works:
Here’s an example of how a charitable gift annuity works.
Sara, age 75, has considerable savings invested in CDs at her local bank, several of which will soon mature. As a retired educator, she wants to increase her income and establish scholarships for students from Lincoln area high schools. After discussion with her financial advisor, Sara decides to use her CDs to establish a $25,000 charitable gift annuity at Lincoln Community Foundation.
Through a simple two-page contract, Sara will receive an immediate charitable tax deduction of $10,870, and an annual income stream of $1,450. For more than 12 years, much of this payment will be tax-free. Upon Sara’s death, LCF will establish a scholarship fund in Sara’s name to be awarded to area high school students according to the criteria Sara determined. (Please note these numbers are for illustration purposes and may not reflect current rates available.)
A gift annuity established with $25,000 or more may create a permanent fund to support your favorite causes and organizations. The funds remaining from a $10,000 gift annuity will be added to LCF’s Lincoln Forever Fund to meet future needs and opportunities in our community.
If you would like more information about making a charitable gift that pays you back, please contact us. We can provide personalized illustrations based on your age and the size of your gift. Download Charitable Gift Annuity - A Gift that Pays You Back.