Give and You Shall Receive
When you give a charitable gift annuity to United Way of Summit County, you not only receive the satisfaction of helping to further the mission of United Way, you receive annuity payments for the rest of your life.

Example:  John and Mary are in their late 70’s.  They give $10,000 to United Way of Summit County for a two-life gift annuity.  Assuming a gift annuity rate of 7.3 percent, they will receive $730 every year for the rest of their lives.  Even after one of them dies, the remaining spouse will continue to receive the payments.  On top of this, they will receive a charitable income tax deduction, and a substantial portion of their payments will be tax-free.

Why does United Way offer gift annuities?  Many of our friends want to give more to United Way but live on fixed incomes and can’t afford to donate income-producing assets.  With our gift annuity program, they can make a significant gift and still retain lifetime payments.  In some cases, they can even increase their annual cash flow.

Example:  Wilma Williams is 80 years old and has common stock in a company that pays her a dividend of 2 percent per year.  This means that $10,000 worth of stock provides Wilma with a quarterly check of only $50.  Wilma can transfer this stock to United Way for a charitable gift annuity.  Assuming a gift annuity rate of 9.2 percent, she could receive $230 each quarter, or $920 for the year and her payments are secured by all the assets of United Way.

There are benefits that make a charitable gift annuity a prudent option for many of our senior friends. There’s something else our gift annuity donors receive:  membership in the 1918 Legacy Society.  This special group of forward-thinking people are partners with us in planning for the future.  Would you like to know more about our gift annuity program?  We can provide you with a tailor-made illustration showing you exactly how a gift annuity can work for you.

For more information, please contact Charlene Corlett, Vice President of Major Gifts at 330.643.5537 or email ccorlett@uwsummit.org