Moorestown Friends School has a Charitable Gift Annuity program in partnership with Friends Fiduciary Corporation, Quaker non-profit corporation which supplies financial services to Quaker institutions.
You transfer cash or securities to Friends Fiduciary Corporation on behalf of Moorestown Friends School. The minimum gift requirement is $0.
Beginning on a specified date in the future, Friends Fiduciary Corporation begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
Beneficiaries are recommended to be at least to begin receiving payments and must be at least to fund the gift.
The remaining balance passes to Moorestown Friends School when the contract ends.
Benefits
Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
You can target your annuity payments to begin when you need them, such as retirement.
The longer you elect to defer payments, the higher your payment will be.
