A Gift That Gives Back
In these uncertain economic times, many people are looking to add to their nest eggs in a way that won't be affected by turbulence in the financial markets. For Thomas Hamm, a Special Olympics charitable gift annuity (CGA), helped meet that need.
"I actually have two Special Olympics CGAs," says Thomas. "And I love them. I think of it as a gift that allows you to 'have your cake and eat it too.' I am retired, have no pension, and my long-term care is gone. My care, and that of my wife of 67 years, is up to me. When Special Olympics shared information about a charitable gift annuity, with a fixed payout rate of 8.7% based on my age, I was very happy."
Thomas first learned about Special Olympics through a mailing. Once he discovered more about Special Olympics' mission and its work in his community, he was eager to become a supporter.
"Around that time I met a neighbor whose child had an intellectual disability," says Thomas. "He was just the nicest kid, and he made an impression on me. Then I saw on television a piece about the work that Special Olympics was doing in my community. It showed Special Olympics athletes doing their best and having a great time."
Thomas goes on to explain that the video he saw reminded him of his neighbor's child. He realized that Special Olympics was filling a vital need and doing incredible work on behalf of adults and children with intellectual disabilities.
"When you see Special Olympics athletes participating at events, you break free of the misconception that a person with an intellectual disability can't do anything. They seem to be having more fun competing than most of us enjoy in life. I know I'm helping others when I support Special Olympics. And that makes me feel great!"
Thomas learned about CGAs from when he served on the board of another nonprofit. Being retired, and without a pension, he realized that Special Olympics charitable gift annuities made great sense.
"I make a gift, and in return, I receive fixed income for life," he says. "I am sold on CGAs as the ideal gift to Special Olympics!"
Is a charitable gift annuity right for you?
The payout for charitable gift annuities will vary depending on the age of the donor. Please contact us to inquire about current payout rates or if you have any questions about charitable gift annuities.
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