How It Works
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You transfer cash or securities to Salisbury.
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After the transfer, Salisbury pays you, or up to two annuitants you name, fixed income for life.
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The principal passes to Salisbury when the contract ends.
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Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your annuity payments are guaranteed for life, backed by a reserve and the assets of Salisbury.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You can have the satisfaction of making a significant gift that benefits you now and Salisbury later.
More
To learn more about charitable gift annuities, Email us, complete the Information Request form, or call us at (860) 435-5703 so that we can assist you.
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