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When you are looking for ways to help the Colorado Mountain College Foundation 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 CMC Foundation'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 CMC Foundation you can receive a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
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 download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.
Dennis, 66, and Mary, 65, want to make a contribution to the CMC Foundation 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%, 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.
Input a few details and see how a charitable gift annuity can benefit you.
Legal name: Colorado Mountain College Foundation, Inc.
Address: 802 Grand Ave., Glenwood Springs, CO 81601
Federal tax ID number: The Foundation’s 501c3 identification number is 74-2393418.
Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.View My Guide