How It Works

1. Transfer cash or other property to Friends Select
2. Friends Select agrees to make payments for the life of one and up to two annuitants (payments are backed by our entire assets)
3. The balance of the transfer inures to Friends Select

Benefits

• Payments for life that are favorably taxed
  1. When gift is funded with cash, part of payment will be tax-free
  2. When gift is funded with appreciated property, part will be taxed as capital gain, part will be tax-free, and part will be taxed as ordinary income
• Federal income-tax deduction for a portion of your gift
• Gift will provide generous support for Friends Select

Friends Select School donors may establish a charitable gift annuity (CGA) through Friends Fiduciary Corporation, providing a fixed lifetime income to one or two beneficiaries while ultimately supporting the school. CGAs offer a charitable deduction, partial tax-free income, and secure, responsibly invested payments in line with Quaker values. Gifts can include cash or appreciated securities, and there are no direct fees to donors or the school. Learn more at friendsfiduciary.org.

The information contained herein is offered for general informational and educational purposes. The figures cited are accurate at the time of writing. State law may affect the results illustrated. 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 their gift. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.