As an added bonus, most CGAs produce charitable deductions between 40 and 60 percent of the value of the asset transferred at the time the property is transferred to the charity.
The annuity can begin immediately or be deferred until a later date.
Although the terms and rates used by most charities are generally based on rates suggested by the Committee on Gift Annuities, be sure to select a charity that is unlikely to experience financial difficulties that might result in a reduction or interruption of your annuity payments. Your annuity payments are secured only by the full faith and credit of the charitable institution.First United offices will be closed, Saturday, August 20; to celebrate our employees with a company-wide event.
You may still access First United through our ATM Network, or using Online or Mobile banking.