A Gift That Pays You Back

Over the years, many of our donors have chosen to support Coastal Maine Botanical Gardens by establishing a charitable gift annuity. In return for their gift, they receive a partial income tax charitable deduction and a fixed lifetime payment. Thanks to a recent change in payout rates, the charitable gift annuity is seeing renewed interest. The Gardens can now offer you an even more generous annual payment.

With inflation on the rise, you may be disappointed with your fixed income portfolio and may be concerned about continuing market volatility. A gift annuity from Coastal Maine Botanical Gardens can provide you with a regular stream of guaranteed payments while also allowing you to support the Gardens in a meaningful way.

A charitable gift annuity is a simple agreement between you and Coastal Maine Botanical Gardens in exchange for your contribution today. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the Gardens. You can direct lifetime payments for yourself or someone else, and you can name one or two recipients. You also receive an income tax deduction for the value of your charitable contribution.

If a 79-year old donor gives $25,000 to the Gardens in exchange for a charitable gift annuity today, he or she will receive a fixed annual payment of $1,700 per year for life — a rate of 6.8%. This annuity is nearly 10% more than if the same gift had been made under the old rates.

Best of all, you will be making a generous contribution to support the Gardens.

To learn more, please contact Matthew Crane.