How Can I Benefit:

The Family Care Foundation Charitable Gift Annuity Program makes it possible to make a gift which is not only a lasting contribution to the Foundation, but also a simple and proven technique for securing some lifetime income, minimizing taxes and simplifying life by not having the responsibility of a rental property.  You will receive a fixed annual income, guaranteed, for the rest of your life that you cannot outlive.  The amount is dependent on your age and the market value of your property.

There are many benefits to a Charitable Gift:

• Fixed income for life
• Immediate charitable tax deduction
• Minimized capital gain tax
• Reduced income, capital gain, and estate tax
• The satisfaction of supporting an organization that assists in development, aid, and education in developing countries

Knowing that in your lifetime you provided food, shelter, education, safety, and medical care to a child, family, or community in need is an outstanding benefit and will always be honored by the Family Care Foundation and its recipients.

Examples:

Carol (80) gives us a rental property she no longer wants to manage. It originally cost $150,000 but is now worth $1,000,000. Her husband had worked in Bolivia for many years and she would like to give something to an organization that provides resources for families in need there.  Under this program, Carol would receive the following benefits:

An annual income of $68,000 that Carol will receive for the rest of her life;
A charitable tax deduction of approximately $400,000, which represents a tax savings of $111,899 in Carol’s 28 percent federal tax bracket.
No longer having the costs or responsibilities associated with owning the rental property.
Knowing that she helped an international organization in Bolivia that her husband would have approved and been proud of.

Don, age 78 and Beverly, age 77, are both retirees who own a rental property.  They want to find the best solution for their property since none of their heirs are interested in the property or the hassles of finding renters, and the costs of maintenance and upkeep continue to burden them at their age.  The property is appraised at $800,000 due to its location. Don and Beverly had lived in India for a few years and would like to give something to the community where they lived there but want to make sure their funds are appropriated honestly and used to directly help build a school.  Under this program, Don and Beverly would receive the following benefits:

An annual income of $45,000 for the rest of their lives
A charitable tax deduction of approximately $399,437,  which represents a tax savings of $111,842 in their 28 percent federal tax bracket.
They no longer have to worry about the costs and responsibilities of owning rental property.
They know that they gave to a supportive organization during their lifetime.

Note:  The above situations are strictly fictitious and act only as an illustration of the program. All donors must consult with and rely exclusively on their own attorneys or other financial advisors for tax and legal advice.