American Red Cross

A deferred gift annuity is similar to an IRA.  You can make a gift to the American Red Cross and receive an immediate charitable income tax deduction slightly less then the amount of the donation. You'll also receive an income for life at a later date, often at retirement, when you're likely to be in a lower tax bracket. In this way, you'll make a gift to the American Red Cross, receive a significant tax deduction today, and provide for the future with retirement.

Example: Let's say you're 40 years old. If you make a $1,000 gift now through a deferred gift annuity, you'll receive $268 per year beginning at age 65. This is a return of 26.8%. You may also receive a current charitable income tax deduction of more then $450.00, which can used in the year the gift is made or it may be carried over for five additional years.

For details on giving opportunities, please contact our Planned Giving Officer Kathleen Wright by sending an email or by calling 1-888-868-1992.