Financial security and support for the LA Phil
Life is full of competing priorities. Often the things we want to do don't coordinate with what we know we need to do. If you are in or approaching retirement, you know that one priority is making sure you have enough income. Yet, you may also want to continue your support of favorite charities. Saving and charitable giving don’t have to be competing priorities. Set up a charitable gift annuity with the LA Phil!
The benefits of establishing a charitable gift annuity
A charitable gift annuity is simple. You make a gift to the LA Phil of cash or appreciated securities, and the LA Phil agrees to pay up to two individuals a fixed income for life. The payments never fluctuate and are not affected by changes in the economy or financial markets. the LA Phil will give you a simple agreement for your records. Then just wait for the payments. In return for your gift, you will get an income tax charitable deduction for a portion of your gift. In almost every case some of your annuity payments will be partially tax-free for a time.
Next Steps
We are here to guide you through the process of establishing a charitable gift annuity with the LA Phil. Contact us at legacy@laphil.org or 213 972 4358 to receive a financial illustration for the gift you are considering.
Your priorities accomplished!
- Provide for additional income.
- Protect some of your assets from market downturns in exchange for safe income.
- Make a significant gift to the LA Phil.