Charitable Gift Annuities

Medical Motor Service, as a member agency of the Al Sigl Community, is participating in the Al Sigl Community Charitable Gift Annuity Program. You can achieve both your income and philanthropic goal of supporting MMS through the Al Sigl Community Charitable Gift Annuity Program.

As a result, you will have the satisfaction of knowing you have provided support that will benefit the future of people with disabilities served by Medical Motor Service.

You Will Be Entitled To:

Lifelong payments with an attractive return rate for one or two people.
Partially tax-free income, since part of your stream of payments is treated as return of principal (a cash gift maximizes tax-free return).
An income-tax deduction.
Elimination of capital gain on transfer of appreciated securities.
Immediate or Deferred Payments. You may select your quarterly payments to begin immediately or you may choose to defer the payments until a later retirement or more convenient future date. A deferred gift annuity is an excellent means of supplementing retirement income. It also provides an immediate tax benefit while increasing retirement income on a tax favored basis.

Use of Securities Is a Smart Move

Using appreciated securities for a charitable gift annuity can provide additional tax benefits. Since a portion of your gift is for charitable purposes, you will receive a tax benefit on that portion of the gift. In addition, any remaining capital gain will be reported in prorated amounts over your life expectancy. If you give a low-yielding asset, you may be able to increase your income, since a gift annuity may pay more and be taxed more favorable than other income.

A Creative Use of CDs

If you have a certificate of deposit that is nearing maturity, you may want to consider converting the funds into an Al Sigl Community Charitable Gift Annuity.

This conversion is a simple transaction and can significantly enhance your financial situation. For example, if you have a $5,000 CD that is about to mature and that could be used to purchase a new 3% CD, you could instead use the $5,000 to create a gift annuity. This will result in increased spendable cash, the creation of an income-tax charitable deduction, partially tax-free income, and the satisfaction of knowing that you have assisted a worthy cause.

The Income You Will Receive

The rate of return for the Al Sigl Community Charitable Gift Annuity is based on the age of the person or persons who receive the payments. The older the beneficiary, the higher the rate of return (payments). We will be happy to furnish payout rates for one or two lives for either an immediate or deferred annuity on request.

Example: Single Gift Annuity: $10,000 cash gift; 28% income tax bracket is assumed.
Age**	Contribution*	Income Tax Deduction	Annuity Rate***	Annual Income	Tax Free Portion	Equivalent Return
60	$10,000	$2,269	5.7%	$570	$321<	8.5%
65	$10,000	$2,869	6.0%	$600	$358	9.3%
70	$10,000	$3,401	6.5%	$650	$415	10.5%
75	$10,000	$4,006	7.1%	$710	$484	12.0%
* Minimum Gift of $5,000. Minimum Age of 45 for deferred and 55 for immediate payments. Minimum ages for participants may be affected by market circumstances. * Future Annuity rates are subject to change; however, after participation, rates are secured for life.

Find Out More

For a confidential illustration about how this program could work for you, please contact Karen Gaffney at (585) 442-4100, ext. 8980. Mention that you wish to designate Medical Motor Service as the beneficiary.