What is a Shaare Zedek Gift Annuity?
It’s a contract under which the American Committee for Shaare Zedek Medical Center in Jerusalem, Inc., (authorized under New York) commits to paying a fixed-rate lifetime annuity to one or two individuals in exchange for a contribution of cash or marketable securities. The fixed annuity rate is based on the age(s) of the annuitants and is drawn from Shaare Zedek’s gift annuity tables for one life or two lives.
Ensuring Your Future is Just a Step Away
Why Purchase One Now?
In these difficult times, individuals need to be sure that their fixed income investments are secure, and that the rates they receive are high enough to help them with their costs of living during retirement. Solid charitable organizations like the American Committee have been making regular and timely payments to annuitants for years during all kinds of investment markets. Our gift annuity reserve fund, required to be sufficient under regulations of the New York State Insurance Department, assures our annuitants that their payments will always be made.
What are the Shaare Zedek Gift Annuity Rates?
Our rates are generous – among the highest available. Here are some sample one-life rates:
Single Life
| Age | Rate |
|---|---|
70 | 5.9 |
71 | 6.0 |
72 | 6.2 |
73 | 6.3 |
74 | 6.4 |
75 | 6.6 |
76 | 6.8 |
77 | 7.0 |
78 | 7.2 |
79 | 7.4 |
80 | 7.6 |
| Age | Rate |
|---|---|
81 | 7.8 |
82 | 8.1 |
83 | 8.3 |
84 | 8.5 |
85 | 8.7 |
86 | 8.9 |
87 | 9.1 |
88 | 9.3 |
89 | 9.5 |
90+ | 9.7 |
*Rates Subject to increase
How Can You Find Out More:
Please call our Chief Financial Officer, Samuel Tuchman, at 212.764.8057, fax to 212.221.0958 or email stuchman@acsz.org, with your date(s) of birth and he will promptly send you a confidential calculation. That’s all it takes. No obligation.
Now, more than ever, a Shaare Zedek Gift Annuity may be the safe philanthropic life-income investment you need to make.
I set up a Shaare Zedek Charitable Gift Annuity together with my wife Trudy, z”l, because we wanted to find a way to make a lasting difference for this vital institution in Jerusalem, while also making a smart, mutually beneficial financial decision. Our motto has always been to give with “a warm hand”. The American Committee for Shaare Zedek’s reputation for transparency, financial acuity and personalized donor service allows me to have peace of mind knowing that my donation is in good hands and will be used for years to its maximum capacity for the betterment of the people of Jerusalem and Israel.
Lou Kestenbaum
Los Angeles, CA