Charitable Gift Annuities
Purchasing a charitable gift annuity is one of the simplest and most popular ways of providing for an income for you or others for a certain number of years or lifetime(s). It provides both a gift for the benefit of JBWS and an annuity income. You receive a current income tax deduction in the year the annuity contract is acquired, based on the amount for you, less the present value of the annuity benefit that was retained for you or other individuals. JBWS effectively gets the benefit of the excess of your purchase price over the value of the annuity. Charitable gift annuities for the benefit of JBWS can be acquired through the Community Foundation of New Jersey.