Earn a return and help our area, too

Area residents have come to realize the real benefit of setting up a charitable gift annuity with the Rochester Area Foundation.

Those who have taken advantage of the new program have seen a healthy return on their dollars. That's primarily because the interest rate is much higher than investments on the open market.

Our charitable gift annuity is a simple contract between a donor and the foundation in which we agree to pay a yearly sum based on the ages of the individual or individuals receiving the annuity and the value of the gift. Donors can decide whether to accept an annuity for their own life and/or another beneficiary.

A gift annuity offers you a safe and stable income for the rest of your life and, if you choose, the life of another person. The older you are, the higher the payout rate you receive on your gift annuity. Rates also increase with deferred annuity plans. Please feel free to talk with us to find out what would be beneficial to your own needs.

Those who establish a charitable gift annuity with the Rochester Area Foundation receive an immediate income tax deduction, which is calculated by subtracting the present value of the income from the gift value. This reflects the net amount of the gift after considering all the expected payments to the annuitant.

The benefits of a charitable gift annuity can include a charitable deduction, increased income, reduction of tax on capital gains, and tax-advantaged payments. Gift annuities fulfill the goal of supporting the Rochester Area Foundation's mission while providing more funds and tax benefits to donors.

Charitable gift annuities add up. Talk with your financial advisor about how you can make charity begin at home. We can help you make sure your hard-earned money will provide you with a comfortable living income. If your goal is to maintain or possibly increase your income and you would like to make a gift of a minimum of $5,000 to support the Rochester Area Foundation's efforts in our community, you can achieve both through a charitable gift annuity.

The Rochester Area Foundation can offer you the peace of mind of a guaranteed annual income and the knowledge that your gift will benefit the area for generations to come. At the same time, local persons oversee the foundation's funds, assuring that all money works not only for the good of those who contribute to the foundation, but also those who the foundation grants funds to for community betterment.

The Rochester Area Foundation traces its roots back more than a half-century. Never has the foundation lost sight of its local roots and has increasingly become an important part of the community and area. Your charitable gift annuity with the Rochester Area Foundation helps not only your own portfolio, but also the community and area you call home.

Rates:

The tables below shows the various payout rates at different ages, as recommended by the American Council on Gift Annuities. These rates are current as of July 2004 and are expected to remain in effect until June 30, 2007. To confirm current rates, call the Rochester Area Foundation at (507) 282-0203 or

Single Life:

Age	Rate
60	5.7%
65	6.0%
70	6.5%
75	7.1%
80	8.0%
85	9.5%
90	11.3%

Two lives - joint/survivor:

Age	Rate
60/62+	5.4%
65/67-71	5.7%
70/72-74	6.0%
75/76-77	6.4%
80/81-82	7.1%
85/87	8.1%
90/92	9.6%