Charitable Gift Annuities
How it works
You transfer cash or securities to RIT.
RIT pays you, or up to two annuitants you name, a lifetime annuity.
The principal passes to RIT when the contract ends.
- You receive an immediate income tax deduction for a portion of your gift.
- Your lifetime annuity is backed by a reserve and the full assets of RIT.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You have the satisfaction of making a significant gift that benefits you now and RIT later.
For more information
Email us, complete the personal illustration form, or call us at 1 (800) 477-0376 so that we can assist you through every step of the process.