Charitable Gift Annuity
Gifts That Pay You Income
There's a way for you to support the LA Phil and feel confident that you have dependable income in your retirement years. You can do this with a charitable gift annuity. Please Note: CGAs for the LA Phil are available to donors over the age of 70 with a minimum of a $20,000 gift.
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.
See How It Works
An Example of How It Works
Dennis, 75, and Mary, 73, want to make a contribution to the LA Phil but they also want to ensure that they have dependable income during their retirement years. They fund a $25,000 charitable gift annuity with appreciated stock that they originally purchased for $10,000.
Based on their ages, they will receive a payment rate of 5.1%, which means that they will receive $1,275 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $10,217* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.
*Based on annual payments and a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
- Contact Richard Watkins at 434 242 8869 / email@example.com or Genevieve Goetz at 213 500 6574 / firstname.lastname@example.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with the Music Center Foundation for the benefit of the LA Phil.
- Seek the advice of your financial or legal advisor.
- If you include the LA Phil in your plans, please use our legal name and federal tax ID.
Legal Name: Los Angeles Philharmonic Association
Address: 151 S. Grand Avenue, Los Angeles, CA 90012
Federal Tax ID Number: 95-1696734