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Consumer Reports Charitable Gift Annuity

Establishing a Consumer Reports Charitable Gift Annuity (CGA) is an ideal way to accomplish your personal financial goals and support the mission of Consumer Reports. With your donation you will receive annuity income for life and a charitable tax deduction, while making a significant contribution to the mission of Consumer Reports.

 

What are the benefits of a CGA?

  • Fixed lifetime income
  • Eligibility for an income tax charitable deduction
  • Reduction and deferral of capital gains with a gift of stock
  • Partially tax-free payments
  • A lifetime subscription to one of our publications
  • Supporting the testing and research of Consumer Reports
Leslie Winters
Because of her generous gift, Leslie Winters receives lifetime income payments while supporting the mission of CR.

How does a CGA work?

In return for your contribution of at least $10,000 in cash or appreciated securities, Consumer Reports pays one or two annuitants an annuity for life. Payments can begin immediately or be deferred.

You are eligible for an income tax charitable deduction for a portion of your contribution. The annuity payments may be partially tax-free during the life expectancy of the annuitant(s). At the end of your lifetime(s), when the annuity payments cease Consumer Reports, can use the amount that remains to further its mission and fund its work.

 

What is my annuity rate?

The annual lifetime annuity rate is determined by your date of birth and is fixed when your gift is made. If you are at least 60 years of age, payments can begin immediately. If younger, you may qualify for a deferred annuity, with the first payment made after your 60th birthday.

 

CLICK HERE FOR THE CGA CALCULATOR AND TO VIEW YOUR PERSONAL BENEFITS

To learn more about our Consumer Reports Charitable Gift Annuity:

Contact Ed Pitaro, Associate Director, Gift Planning at (914) 378-2647, epitaro@consumer.org or by mail at:

Consumer Reports
101 Truman Ave.
Yonkers NY 10703

Ed Pitaro
Ed Pitaro, Associate Director, Gift Planning

This is not legal advice. Any prospective donor should seek the advice of a qualified estate and/or tax professional to determine the consequences of his or her gift.

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