In return for transferring cash or stock that are earmarked for the VSO after your lifetime, you can receive:
· Lifetime annuity payments that may greatly *exceed current CD and money market interest rates;
· An immediate income tax charitable deduction;
· avoid paying capital gains taxes if you contributed stock;
· receive largely tax-free income if you contributed cash; and
· Leave a lasting legacy with VSO when the VSO received the principal of the CGA after your lifetime.
*Your annuity payments are based on your age at the time of your contribution. Here are the current rates:
Single annuitant age 65 – 5.7% / Two annuitant ages 75 – 6.2%
Single annuitant age 70 – 6.3% / Two annuitants age 80 – 6.9%
Single annuitant age 75 – 7.0% / Two annuitants age 85 – 8.1%
Single annuitant age 80 – 8.1%
Single annuitant age 85 – 9.1% / Single annuitant age 65 defers
Single annuitant age 90 – 10.1% / first payment for 10 years – 11.1%
