Gifts of real estate are allowed in some states and are subject to approval by the UUA Vice President of Finance . You may claim a charitable income tax deduction for a percentage of your gift. US Treasury tables set the deduction, based on the annuitant's age, the annuity rate, and date of the gift. Ask the UUA Office of Charitable Gift and Estate Planning to estimate your deduction. Donors chose when payments begin, either immediately or deferred for more than a year.
Immediate annuities start payments within a year of the gift date.
Deferred annuities delay payments but still generate a current income tax deduction. The annuity rate and tax deduction for a deferred annuity will be higher than what you will enjoy from an immediate annuity. Unrestricted gifts are always welcome, as are gifts designated for specific purposes. For instance, your gift could help fund loans to congregations for land acquisition or new construction , or help to support the development of life-cycle religious education curricula , or promote the mission of Faith in Action , or add to the permanent endowment, income used only for general operations. To request a gift illustration based on your personal situation, please fill out the CGA Confidential Reply Form and it will be sent to the UUA Office of Charitable Gift and Estate Planning.