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Irene Taylor is a retired elementary school teacher. She has been a careful saver and has a number of certificates of deposit.
Irene: Over the past several years, the return on my CDs has declined significantly. I have looked carefully, but there just are not any CDs with a good rate of return.
I am also interested in a secure return. I want to know that a good return will be paid. The ideal choice for me would be a secure high return.
Irene talked to a friend who had found exactly that choice. Her friend had set up a gift annuity with her favorite charity, Special Olympics Missouri. Irene thought that perhaps the gift annuity would be helpful for her, so she attended some SOMO activities with her friend, whose granddaughter is involved in Special Olympics Young Athletes program.
 Irene: After I saw those kids play and learn, I knew Special Olympics had something special going with their Young Athletes program. The excitement on their precious faces and the thrill for their parents was incredible. This program has great potential.
So I called Special Olympics Missouri and asked about a gift annuity. I was very pleased to discover that based upon my age, a gift annuity would pay nearly 7%. Plus, there would be a good tax deduction and part of the income would be tax-free.
After finding out how easy it is to set up a gift annuity, I transferred $20,000 from a CD that had matured into a charitable gift annuity. I am delighted with my annuity, especially in this economy. My CPA is also pleased that the charitable deduction will save over $3,000 in taxes this year. I'm delighted to help Special Olympics, too. With my tax savings and increased income, I plan to take more day trips around Missouri exploring antique stores with my friends!
Fixed payments for Irene from the gift annuity are about two times what she was receiving from her one-year certificate of deposit. She is very pleased with the increased income and charitable savings.
For more information please select one of the following options:
1. You also may have a CD. If you would like to see the rate for your age and your personal tax savings, then click here.
2. If you would like to request a printed illustration of a gift annuity with your payout rate, then click here.
3. You may print a gift annuity tri-fold brochure. Click Here.
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