Planned Giving: Charitable Gift Annuities Illustration
How it works
You transfer cash or securities to PCRM.
PCRM pays you, or up to two annuitants you name, a lifetime annuity.
The principal passes to PCRM when the contract ends.
- You receive an immediate income tax deduction for a portion of your gift.
- Your lifetime annuity is backed by a reserve and the full assets of PCRM.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You have the satisfaction of making a significant gift that benefits you now and PCRM later.
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