Charitable Gift Annuity

A charitable gift annuity offers you a wonderful opportunity to support Boys & Girls Clubs of Topeka while securing a reliable income stream during your retirement years. By making a charitable gift to the Club, you will receive fixed annual payments for the rest of your life (and a loved one’s, if you choose), with the remaining balance going directly toward advancing our mission of empowering local youth.

This type of gift allows you to enjoy lifetime payments, while also contributing to the long-term sustainability of our programs. Additionally, a charitable gift annuity may offer significant tax advantages. Depending on how you fund your gift, you could qualify for a federal income tax deduction and, if appreciated assets are used, you may be able to reduce capital gains taxes.

If you are 70½ or older, you now have the option to fund a charitable gift annuity using up to $53,000 from your IRA assets through a one-time election. While this does not result in an income tax deduction, it can help you avoid income tax liability on the transfer and satisfy all or part of your required minimum distributions.

With a charitable gift annuity, you can feel secure in your retirement while knowing that your gift will help create a brighter future for children and teens at Boys & Girls Clubs of Topeka.