THE Y FOR

SOCIAL RESPONSIBILITY

We focus our work in three key areas, because nurturing the potential of kids, helping people live healthier, and supporting our neighbors are fundamental to strengthening communities.

What Do You Know About Gift Annuities? Take Our Quiz

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Do you know how a charitable gift annuity can support YMCA of San Diego County and benefit you? Take this quiz to find out.

1. A charitable gift annuity pays you
A. fixed payments for life.
B. variable payments for life.
C. fixed payments for 20 years.

2. If you create a charitable gift annuity this year, you are allowed to take
A. twice your normal deductions.
B. a charitable income tax deduction for the entire amount of the asset donated.
C. a charitable income tax deduction for a portion of the value of the asset donated.

3. You can choose to have a charitable gift annuity make payments to one or two individuals. True or False

4. Upon the death of the second person receiving payments, the remaining value of the gift annuity is available to help support our mission. True or False

Answers:
  1. A
  2. C
  3. True
  4. True
 Contact Steve Totten at 858-292-9622x105 or stotten@ymca.org today to learn more about the benefits of charitable gift annuities.

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The information on this website is not intended as legal or tax advice. For legal or tax advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes apply to federal taxes only. State income/estate taxes or state law may impact your results.