CBVI :: Center for the Blind and Visually Impaired

Center for the Blind and Visually Impaired

Editor
Rosemary D. Keefe
Phone
610-874-1476
ext. 161

Where
independence
becomes a
reality!

We’re on the
web at
www.cbvi.net

News & Views is published twice a year by the
Center for the Blind and Visually Impaired for
our donors, clients, volunteers, and the
community. CBVI is a not-for-profit agency
dedicated to helping individuals in the greater
Delaware Valley area to prevent, prepare for,
and adapt to vision loss in order to achieve
independence.
Programs and services are available to all
eligible individuals without regard to race,
color, religious creed, ancestry, national origin,
age, sex or handicap.
The official registration and financial
information of the Center for the Blind and
Visually Impaired, also known as the Delaware
County Branch, Pennsylvania Association for
the Blind, may be obtained from the Pennsylvania
Department of State by calling toll free,
1.800.732.0999. Registration does not imply
endorsement.

Executive Director
Robert M. Nelson

Advantages of a CBVI Charitable Gift Annuity

The charitable gift annuity is a unique plan for satisfying both philanthropic and financial needs. Yet, it’s a remarkably simple plan: in exchange for a gift of cash or securities, CBVI will pay you a certain fixed dollar annuity for the rest of your life. Or, if you wish, we will pay the annuity to another for life… or to you and another for your respective lives.

The exact amount of the annuity will depend on your age, the size of your gift and whether there area other beneficiaries. In most cases, the annuity will be from 6% of the amount of the gift to as much as 11.3%

The particular facts of each gift determine the extent of these advantages. CBVI will be happy to provide you with specific figures for whatever gift annuity arrangement you may want to consider.

Other gift annuity arrangements are possible as well. Indeed, one of the most attractive features of the gift annuity is its flexibility. Some examples: Mr. Clark, at age 55, makes a gift of $10,000 to CBVI for an annuity that will not start until he reaches age 65. Such an arrangement is called a deferred gift annuity and offers the donor extremely favorable tax benefits.

Mr. Russo makes a $20,000 gift to CBVI and we agree to pay an annuity to him for his life and then to his wife for her life.

The financial benefits from such an
arrangement are substantial… and Mr.
Russo can have the immense personal
satisfaction that comes from making a
lifetime gift.

Mrs. Ortiz locked into a low-yield
security, gives the security to CBVI in
exchange for an annuity. She can
substantially reduce her capital gains
tax and at the same time increase her
spendable income.

Mr. O’Neill creates an annuity for his
parents. The annuity payments will
be taxed directly to the parents – rather than at Mr. O’Neill high income tax rates.

We invite you to consider a gift annuity arrangement with CBVI. For more information about the charitable gift annuity please contact our Executive Director, Bob Nelson, at 610-874-1476, ext.119 or email him directly at bob.nelson@cbvi.net.

CBVI student, Karla
Pew, is learning to use
a voice synthesized
computer system.
Your contributions
make it possible for
Karla to pursue her
dream to return to
work in the medical
billing field.

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