Charitable Gift Annuity
Gifts That Pay You Income
There's a way for you to support the Detroit Institute of Arts and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity.
This type of donation can provide you with regular payments and allow us to further our work. You can also qualify for a variety of tax benefits, including a federal income tax charitable deduction when you itemize.
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
An Example of How It Works
Say that Sandra, 60, wants to make a contribution to the DIA that will support our work for generations to come, but she is also thinking ahead and wants to ensure she has dependable income in her retirement years. She establishes a $20,000 deferred gift annuity through the DIA. If she waits to receive her payments until she’s 65, she will receive a payment rate of 6 percent, or $1,200 a year. She will also receive a federal income tax charitable deduction of $7,781* when she itemizes. Finally, she knows that after her lifetime, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.2 percent Applicable Federal Rate (AFR) for charitable deduction calculations, which is current as of July, 2018. Deductions and calculations will vary depending on your personal circumstances and monthly changes to the AFR.
Calculate Your Benefits
Submit a few details and see how a charitable gift annuity can benefit you.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
- Contact Deborah Odette at 313.494.5236 or DOdette@dia.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the DIA.
- Seek the advice of your financial or legal advisor.
- If you include the DIA in your plans, please use our legal name and federal tax ID.
Legal Name: Detroit Institute of Arts
Address: 5200 Woodward Ave., Detroit, MI 48202
Federal Tax ID Number: 38-1359510
Payments for Life
Learn more about the many benefits of a charitable gift annuity in our FREE guide Strengthen Your Future With a Charitable Gift Annuity.View My Guide