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Edwards' Gift Annuity

Edwards' Gift Annuity

Dale Edwards, an engineer and public utility manager, and his wife Kristi, a retired staff member of the Arizona Community Foundation, received an unexpected cash gift, which they did not need at the time. However, they had always been charitably inclined and liked the idea of leaving a legacy of caring for their community, and they needed a tax deduction.

They decided a charitable gift annuity with the Arizona Community Foundation was the perfect philanthropic vehicle to meet their dual goals.

They deferred the payments for four years and will receive a payout of 6.5% for the rest of their lives. Upon their passing, the remaining amount will become a gift to benefit the Yavapai County Community Foundation and the Highlands Center for Natural History, allowing the Edwards' to continue supporting organizations they value beyond their lifetimes.