Cablevision's support of The Lustgarten Foundation ensures that 100% of every donation goes directly to pancreatic cancer research.

Charitable Gift Annuity

A charitable gift annuity is a way to make a gift to The Lustgarten Foundation and receive annual income for yourself or another beneficiary. It is a contract under which a charity, in return for a transfer of cash or securities, agrees to pay a fixed sum of money annually to one or two annuitants (beneficiaries). The person who contributes an asset for the annuity is called the "donor", and the person who receives payments is called the "annuitant" or "beneficiary." Usually, the annuitant is also the donor, but this is not always true. The maximum number of annuitants is two, and payments can be made to them jointly or successively.

With this type of gift you can:

•    Receive fixed payments for life.
•    Receive a federal income tax charitable deduction for a portion of your gift’s value, depending on your financial situation.
•    Provide long-term support for pancreatic cancer research.

Gift Annuity Payout Rates
The payout rate is based upon your age and the number of people receiving payments. This rate is determined when you create the gift annuity and it will never change.

•    We welcome gift annuities with an initial gift amount of $10,000 or more.
•    Up to two people, both at least 67 years of age, may receive lifetime payments.

The size of the payments from a charitable gift annuity depends on the following factors:
•    The gift annuity rate offered by the charity (most charities follow rates suggested by the American Council on Gift Annuities).
•    The value of the contribution.
•    The number of annuitants (no more than 2 people).
•    The age(s) of the annuitant(s).

What to do next:
•    Request a gift illustration and additional information, please call 516.803.2304.
•    Seek the counsel of your financial and legal advisors.

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