Income for life

A charitable gift annuity is a simple agreement between a donor and a nonprofit organization that will pay the designated annuitant a fixed and guaranteed annuity payment for life in exchange for a gift, usually cash or marketable securities.

Who benefits?

Both the donor and the Maine Public Broadcasting Network benefit from a charitable gift annuity. The donor receives a tax deduction for a portion of the gift along with a guaranteed income for life. The Maine Public Broadcasting Network will benefit when the residual of the gift is realized and will be put to use toward the fulfillment or the organization's mission.

Who is eligible to participate?

If immediate payments are requested, the donor must be 55 or older. A deferred payment gift annuity is allowable for anyone age 35 or older.

A maximum of two life income beneficiaries are allowed. In other words, you and a spouse can benefit from the agreement as long as both parties are 55 or older.

What is the minimum gift to participate?

A minimum of $2,500 is required to participate in the Maine Public Broadcasting Network's gift annuity program.

Gift annuities can either have an immediate payout (depending upon your age) or can be established to defer payments until a later age.

What kind of gift can I make to fund the annuity?

Cash or readily marketable securities are recommended to fund your gift annuity, but other assets can be considered as well.

What are the current annuity rates?

The Maine Public Broadcasting Network currently uses rates recommended by the American Council on Gift Annuities. Please contact us for current rates.