When the time came for Fred Kohloss, former ASHRAE President and member since 1949, to express his love for the organization that helped shape his life, he chose a Charitable Gift Annuity through ASHRAE Foundation.

“The annuity was an easy way for me to make a gift to ASHRAE,” Fred said. “It provides me with a nice income, and I am able to use the income tax charitable deduction while still benefitting the Foundation. For those ASHRAE members who have surplus, a gift annuity is a good place to invest. It’s the type of investment that truly benefits everyone involved.”

For as little as $10,000, you can make a transformative gift to ASHRAE while gaining an income for life! With a charitable gift annuity, ASHRAE Foundation pays you, or other beneficiaries, a fixed payment for life in exchange for a gift of cash, marketable securities or approved real estate.

Charitable Gift Annuity
With this gift option, ASHRAE Foundation and the donor enter into an agreement under which ASHRAE Foundation agrees to pay the donor or other beneficiaries a fixed income for life in exchange for a gift of cash, marketable securities, or approved real estate. The minimum gift for a charitable gift annuity is $5,000. The annuity rate is based on the age of the donor or other beneficiaries. Charitable gift annuities are issued through ASHRAE.

Taxation:

• Portion of the annuity payment initially is tax-free.
• Portion may be taxed as capital gain if funded with appreciated property.
• Balance of the payment is taxed as ordinary income.

Benefits:

• Fixed annual income for life.
• Tax deduction based on the value of the assets and annuity rate.
• Reduced capital gains tax.