The charitable gift annuity for the rest of your life.If you are at least 60 years of age, for the rest of your life For The Rest Of Your Life is a British game show on ITV, hosted by Nicky Campbell. It is produced by Initial, a company of Endemol. Format Round One the MTNA MTNA Music Teachers National Association MTNA Middle Tennessee Nursery Association (McMinnville, Tennessee) FOUNDATION FUND will send you a check every quarter, or annually, if you wish. While the economy may rise or recede, your periodic check will remain the same. You can count on it because we back our commitment to you with the full assets of MTNA and the MTNA FOUNDATION FUND. The total amount you receive every year is determined in advance and depends on several things, including your age and the amount you give to establish the arrangement. For example, if you're seventy-five years old, you'll receive more than someone younger who gives the same amount. Furthermore, for the rest of your life, you will enjoy the satisfaction that your arrangement with MTNA will someday provide it with needed financial resources. By letting us help you with lifetime support, you enable us to serve future generations of music teachers and students. The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. favors these arrangements and provides the donor with a charitable income tax deduction Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. . It's one way the government encourages you to support the charitable community. The arrangement described here is the charitable gift annuity A Charitable Gift Annuity is a gift vehicle that falls in the category of Planned Giving. It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income . Year in and year out, it is the most popular life-income planned giving vehicle available. Would you like to learn more about charitable gift annuities and how they can benefit you and the music teaching profession? For more information please contact Shirley Raut at (888) 512-5278, ext. 242, or sraut@mtna.org. Charitable gift annuities are currently offered to residents of the following states: Alaska Arizona Colorado Connecticut Delaware District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). Georgia Idaho Indiana Iowa Kansas Kentucky Louisiana Maine Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). New Mexico North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Ohio Oklahoma Pennsylvania Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. South Carolina Texas Utah Vermont Virginia West Virginia Wyoming Sample Gift Annuity for a 70-year old Age of Annuitant 70 Amount Donated-Cash $10,000.00 Annuity Rate 6.5% Guaranteed Fixed Annual Payment $650.00 Tax-free Portion $421.20 Ordinary Income $228.80 Charitable Deduction $3,299.90 This information is provided for illustration purposes only. Please seek legal or accounting advice if you are considering a charitable gift annuity. CURRENT ANNUITY RATES * Age Rate 60 5.7% 65 6.0% 70 6.5% 75 7.1% 80 8.0% 85 9.5% 90 and over 11.3% * MTNA offers the rates suggested by the American Council on Gift Annuities. These rates may be subject to change. |
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