Gifts That Pay You Income
Turn Your Generosity Into Lifetime Income
When you are looking for ways to help speed a cure with The Michael J. Fox Foundation, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support MJFF's work while receiving fixed payments for life is a charitable gift annuity.
Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with MJFF you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Delay Your Payments
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and contact us to learn more.
An Example of How It Works
Dennis, 66, and Mary, 65, want to make a contribution to MJFF but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.
Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $6,745* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.2 percent charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See How it Works
See How It Works
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
- Contact Shirley Nagar at The Michael J. Fox Foundation at 800-708-7644 or email@example.com for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with MJFF.
- Seek the advice of your financial or legal advisor.
- If you include MJFF in your plans, please use our legal name and federal tax ID.
Legal Name: The Michael J. Fox Foundation for Parkinson's Research
Address: Grand Central Station PO Box 4777, New York, NY 10163
Federal Tax ID Number: 13-4141945
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.
Strengthen Your Future With a Charitable Gift AnnuityDownload Here