Charitable Gift Annuity
Receive a guaranteed payment for life
A gift annuity is an arrangement under which you make a contribution to TCM and receive, in turn, guaranteed payments for life. The amount of these payments depends on your age and the size of your contribution, but they will likely be significantly higher than you are receiving from your present investments, and the annuity arrangement is guaranteed. It will continue as long as you live, no matter what happens to the economy or interest rates. If you are married, you may choose a joint-and-survivorship annuity which continues as long as either spouse lives.
Your gift annuity brings you a special bonus at tax time: a sizeable portion of your payments will be tax-free. While older annuitants will receive payments that are totally tax-free, all donors are entitled to a donation receipt that will result in a tax credit.
SEEK EXPERT ADVICE
Toronto City Mission strongly recommends that you consult your lawyer and estate planner regarding specific information on charitable gift annuities.
Thank you for your interest in supporting Toronto City Mission which has existed since 1879 demonstrating God’s love and bringing hope to families impacted by poverty. For more information on our planned giving program, please call Jackie Davies at 416.922.6223 x 102.