SENG | Charitable Gift Annuities

Charitable Gift Annuities

Supporting the social and emotional needs of gifted, talented, and twice-exceptional people is important to you, but making sure your future is financially secure is just as important. Now you can achieve both of these objectives with a charitable gift annuity.

Partnering with us, you can choose from a variety of ways to receive a steady income while you fund the mission and vision of SENG.

A charitable gift annuity is an agreement between you and Supporting Emotional Needs of the Gifted in which you make a gift and, in turn, we pay you a fixed amount each year from the investment you made. Immediate annuities are eligible to people ages 60 and older, while deferred annuities can be created for those ages 50 and older, with payments beginning at age 60 or older.

Deferred charitable gift annuity

Similar to a standard charitable gift annuity, this method allows you to postpone the first payment to a date of your choice. At the time of your gift, you still receive an immediate tax deduction, but you can choose to defer the start of income payments you receive from SENG.

Many people like this option because it allows them to save money for future expenses or plans, such as retirement. This is also a great option if you’re someone who wants to support SENG and put away funds for the future of your children and other loved ones.

Benefits to you:

Receive an immediate income tax deduction.
Potentially reduce your taxes by removing assets from your estate to fund important research.
Set aside funds to be used at a future date.
Benefit yourself or your heirs with steady income.
Gain the satisfaction of knowing you are helping GTE people with your gift.

There is also the option to make a gift by setting up a flexible annuity, which is much like a deferred annuity, but you do not need to establish the date of first payment at the time you make your gift. Instead, you give yourself the flexibility to finalize the date closer to the time of payment. This allows you to take into account the timing of other events in your life, particularly retirement.

Designating the beneficiary of a charitable gift annuity

Often, we are asked if someone other than a donor themselves can benefit from a charitable gift annuity. The answer is yes. You can choose to name another party to receive income from your annuity for their lifetime. For some donors this means benefitting parents, siblings, friends or employees.

Specifications can be made to ensure you and the other party are paid simultaneously, or on a contingency basis. Many married couples prefer a simultaneous payment in which the full annuity amount is paid to the surviving annuitant after their spouse’s lifetime.

Please be sure to consult your financial advisor to see which is best for your situation.

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If you are interested in supporting a specific project, program or area, it is best to discuss your plans with our development staff before completing your will to confirm SENG can carry out your wishes.

Please note: The policies of Supporting Emotional Needs of the Gifted do not allow SENG staff members or its representatives to serve as personal representative, executor, trustee or witness for a will or trust.

To turn your passion for helping the gifted, talented, and twice-exceptional into a lasting legacy, contact us at 844.488.7364 or at office@sengifted.org for more information about legacy giving.

Supporting Emotional Needs of the Gifted (SENG) is a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code, and contributions made to it are tax-deductible to the extent permitted by law. The purpose of these web pages is to provide general educational information about charitable gifts, financial considerations and estate planning. They are not intended as legal, accounting or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisers should be obtained. Consult an attorney for advice if your plans require revision of a will or other legal document.