You can make a generous gift to your favorite Pasadena area nonprofit, while providing a secure, fixed income for life for yourself, you and a loved one, or another person.
You make a gift of cash or stock to the Pasadena Community Foundation (PCF) and designate which organization or organizations you would like to receive an immediate grant. In return, PCF will make payments to you which are guaranteed for life.
To qualify for a Charitable Gift Annuity you must be 65 years old or older and your gift must be a minimum of $20,000*.
Each payment is fixed as of the date of your gift. That means your payments will never change, even if interest rates or the stock market changes.
The amount depends upon the age of the person who receives the payments. You will also receive a tax deduction in the year that you set up the gift annuity.
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This information is not intended as tax, legal, or financial advice. Gift results may vary. Consult your personal financial advisor for information specific to your situation.
Source: American Council on Gift Annuities as of 2023. Based on one life.
*Minimum gift and age eligibility require evaluation of impact to charitable beneficiary. PCF will advise once application is made.
Contact: Liz Algermissen, Director of Development (626) 796-2097 x105 or firstname.lastname@example.org
PCF is a 501c3 public charity Tax ID# 20-0253310