Planned Giving_____

CHARITABLE GIFT ANNUITY


Benefits

  • In exchange for your gift HATF promises to make lifetime annuity payments to one or two annuitants.

  • The contractual obligation is backed by the National Gift Annuity Foundation (NGAF), making this a very secure source of future income.

  • After the death of the last annuitant, the balance of the remaining gift will be used by HATF for the purpose you’ve designated.


Did You Know?

  • Donors receive an income tax deduction based on the fair market value of the assets contributed less the present value of the future annuity payments. 

  • Payments to annuitants are generally partly taxable as ordinary income and capital gain (depending on the gifted asset), and a portion is usually treated as a tax-free return of principal.

  • The Consolidated Appropriations Act of 2023 (Act) permits donors age 70½ or older to make a one-time qualified charitable distribution of up to $50,000 from their IRA to fund a charitable remainder trust or charitable gift annuity.

The Act outlines rules and restrictions that must be followed when making this type of gift. If you are interested in learning more, please contact HATF. You should also consult with your tax and financial advisors regarding this

Planned Giving

Harry-Anna Trust Fund

Address

Florida State Elks Association, Inc.
P.O. Box 49
Umatilla, FL 32784

Email

info@floridaelks.org

Phone

1(800) 523-1673

Disclaimer: The Florida Elks Charitable Trust Fund (Harry-Anna Trust Fund) is not engaged in legal or tax advisory service. For advice or assistance in specific cases or whether to make certain a contemplated gift fits well into your overall circumstances and planning, the services of an attorney or other professional advisor should be obtained.