Charitable Gift Annuities - page 2

How can I fund my CGA?
Fund your CGA with cash or
appreciated securities with
a minimum value of $10,000.
How is the payment rate set?
Johns Hopkins follows the maximum
rates, based on age, set by the American
Council on Gift Annuities. If you wish,
you can choose a lower rate that will
yield a higher income tax deduction.
The payments remain fixed for life.
What if I want to delay payments?
A deferred CGA and a flexible CGA allow
for the payments to start at a later date. By
delaying payments, you receive a higher
payment rate than an immediate CGA.
Can someone other than me
receive the payments?
Yes. One or two individuals (including
you if you wish) can receive the income
payments. You can create a CGA
to benefit someone else during your
lifetime or through an estate gift.
How is my CGA invested
and managed?
Johns Hopkins Office of Investment
Management and the Board of Trustees
Committee on Investments oversee the
investment of the CGA program, a
robust, long-standing program of
approximately 1,000 CGA contracts.
Johns Hopkins partners with Kaspick
& Company, a member of the
TIAA-CREF group of companies,
for asset management, timely adminis-
tration, and informative reporting.
What will I need to prepare my
tax return?
Johns Hopkins will provide
information to document your
charitable deduction when you
create your CGA. Annually,
Johns Hopkins sends CGA
beneficiaries a Form 1099-R to
report their income payments.
How can I learn more about
whether a CGA is right for me?
Contact the Office of Gift Planning
to speak with a gift planning advisor
who will be happy to discuss your
philanthropic goals and financial
needs, and to create a sample CGA
illustration based on your age and a
specified gift amount. Or visit our
website, and use the CGA calculator to
help determine your potential income
payment and tax benefits.
Johns Hopkins
Office of Gift Planning
San Martin Center, 2nd Floor
3400 North Charles Street
Baltimore, Maryland 21218
410-516-7954
800-548-1268
rising.jhu.edu/giftplanning
Johns Hopkins does not give tax, legal, or financial
advice; please consult your own advisor for
individual advice. The information contained in this
publication is not intended to or written to be used,
and cannot be used, for the purpose of avoiding
penalties imposed under the Internal Revenue Code
or promoting, marketing, or recommending to another
party any transaction or matter addressed herein.
Johns Hopkins charitable gift annuities are not
available in all states.
What Will Your Legacy Be?
The Johns Hopkins Legacy
Society honors those who secure
the financial future of Johns
Hopkins University and Johns
Hopkins Medicine by making a
life-income gift—such as a
charitable gift annuity—or a gift
through their estate. Legacy
gifts play a vital role in achieving
the goals of Rising to the
Challenge: The Campaign for
Johns Hopkins and can support
any area of Johns Hopkins.
Charitable Gift Annuity Rates—
Immediate Payment
Age
One-Life Rate
90
9.0%
85
7.8%
80
6.8%
75
5.8%
70
5.1%
65
4.7%
Current maximum rates as of July 1, 2013
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