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  • Annual Statement For Charitable Annuity Permit Holders

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ANNUAL STATEMENT B Renewal Requirements ANNUAL STATEMENT FOR CHARITABLE ANNUITY PERMIT HOLDERSInstructions: One complete copy of this form (Annual Statement B) including exhibits and all other papers.

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If the gift annuity is funded with cash, part of the payments will be taxed as ordinary income and part will be tax-free.

In the year that a donor establishes a gift annuity, he or she is eligible to claim a charitable contribution income tax deduction for that tax year. The deduction amount is equal to the present value of the gift amount that the AACR Foundation will receive at some time in the future.

The deduction is equal to the amount of the contribution less the present value of the payments that will be made to the annuitant(s). The present value of the payments is determined using life expectancy tables and assumed earnings prescribed by the IRS.

Benefits of Establishing a Charitable Gift Annuity You receive fixed, steady income for life. Part of the income is tax-free. You may qualify for a federal income tax charitable deduction when you itemize. If funded with appreciated securities, no upfront capital gains tax is due.

Charitable gift annuity donors (annuitants) receive payments for the rest of their lives.

The charity that issues the annuity will send a Form 1099-R to the annuitant. This form will specify how the payments should be reported for income tax purposes.

In most instances, the payments will eventually be taxed as ordinary income. The charity that issues the annuity will send a Form 1099-R to the annuitant each year. This form will specify how the payments should be reported for income tax purposes.

Charitable gift annuities can be a good option for donors who want to make a charitable contribution but also want a stable source of income in return. The income payments from a charitable gift annuity may be tax-free or partially tax-free, depending on the terms of the contract and the donor's tax situation.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232