Charitable Gift Annuities

When you are looking for ways to help Badin High School 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 Badin’s mission 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 also when you create a charitable gift annuity with Badin you can receive a variety of tax benefits, including federal income tax charitable deduction.

Delay Your Payments
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.

Check Out This Potential Scenario
Say that John, 66, and Mary, 65, want to make a contribution to Badin that will support our mission for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $50,000 charitable gift annuity with Badin. Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $2,150 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support Badin’s mission.

Learn How to Fund It
You can use the following assets to fund a charitable gift annuity:

• Cash
• Securities
• Closely Held Stock
• Real Estate
• Tangible Personal Property
   

Next Steps

• Contact Brian Pendergest at 513-863-3993 or bpendergest@BadinHS.orgfor additional information on charitable gift annuities and how they can help support Badin’s mission
• Talk to your financial or legal advisor to learn which assets will or will not trigger taxable income when paid to a beneficiary.
• If you include Badin in your estate plans, please use our legal name and Federal Tax ID:
  Legal Name: Stephen T. Badin High School
  Address: 571 New London Road, Hamilton, OH 45013
  Federal Tax ID Number: 31-0537113

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.