When you are looking for ways to help the Zoological Society of Milwaukee with our mission, you shouldn't feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support the Zoological Society'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 the Zoological Society you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
If you are younger than 60 or don't need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement. To learn more, view and download the FREE guide Plan for Retirement With a Deferred Gift Annuity.
Say that Justin, 66, and Mary, 65, want to make a contribution to the Zoological Society that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with the Zoological Society. Based on their ages, they will receive a payment rate of 4.3%, 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 $5,414* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on a 2.4% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
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Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Free Brochure
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Legal Name: Zoological Society of Milwaukee County, Inc.
Address: 10005 W. Bluemound Rd., Milwaukee, WI 53226
Federal Tax ID Number: 39-6795665