Gifts That Provide Income
Charitable Gift Annuities
One gift that allows you to support The Scholarship Fund for Inner-City Children’s work while receiving fixed payments for life is a charitable gift annuity.
A charitable gift annuity where you make a gift to The Scholarship Fund for Inner-City Children and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life. In some instances a charitable gift annuity can increase a donor’s standard of living while also supporting our mission.
If you are younger than 60 or do not need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date -such as when you reach retirement or as needed.
Not only do gift annuities provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with The Scholarship Fund for Inner-City Children, you can receive a variety of tax benefits, including a federal income tax charitable deduction which is of significant value to you and your heirs.
The most common ways to fund a bequest is through cash, personal property, closely held stock, real estate, and appreciated securities.
For additional information on charitable gift annuities or to discuss some personal benefits of creating an annuity with The Scholarship Fund for Inner-City Children, call 973-497-4279.
If you name The Scholarship Fund for Inner-City Children in your plans, please use our legal name and federal tax ID.
Legal Name: The Scholarship Fund for Inner-City Children
Address: 171 Clifton Avenue, PO Box 9500 Newark, NJ 07104-0500
Federal Tax ID Number: 51-0546401