Planned Giving

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Charitable Gift Annuity—Immediate Payment

 

Immediate-Payment Charitable Gift Annuity Diagram

 

How It Works

  1. Transfer cash or other property to the Cornell Lab of Ornithology
  2. The Cornell Lab of Ornithology guarantees to make lifetime payments for up to two annuitants

 

Benefits

  • Guaranteed payments for life that are favorably taxed
    1.  When gift is funded with cash, part of payment will be tax-free
    2.  When gift is funded with appreciated property, part will be taxed as capital gain,
         part will be tax-free, and part will be taxed as ordinary income
  • Federal income-tax deduction for a portion of your gift
  • Gift will provide generous support for the Cornell Lab of Ornithology


Next Steps

 

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