CHARITABLE GIFT ANNUITIES.

Simply put, a gift annuity is a contract between Village Theatre and a donor, in which for the exchange of cash or assets Village Theatre agrees to pay a fixed sum of money to the donor for the duration of the donor's life, after which the remainder is left to Village Theatre's Endowment. You can support Village Theatre and guarantee a stream of income for yourself for the rest of your life - or a loved one's life - at the same time.

This life-long, guaranteed quarterly or yearly payment is just one benefit of a gift annuity. Other benefits include: an immediate charitable tax deduction, a portion of the payments is tax-free income for a given amount of time, you have the option to designate another person or couple as the beneficiary of the annuity - perfect for those looking to provide for loved ones.

Payment rates are based on the age of the annuitant (the person receiving the payment) and will likely be higher than you would receive from fixed-income investments. Payments can begin immediately or deferred to a later date.

Many donors favor charitable gift annuities, as it is a simple way to make a gift and receive income for life in return. In exchange for your charitable gift of cash, securities or other assets. Village Theatre provides guaranteed payments for life to one or two persons. The size of the payments depends on the size of the contribution and the age of the person(s) receiving the annuity. If you are married, you may choose a joint-and-survivor annuity that continues as long as either spouse lives. It is also possible to provide a lifetime annuity for someone other than yourself and your spouse--a parent or sibling, for example. Payments can begin immediately or be deferred to a later date.