An Example of How It Works

Couple walking and smiling Dennis, 66, and Mary, 65, want to make a contribution to Meals on Wheels but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity.

Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They're also eligible for a federal income tax charitable deduction of $4,166* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.

*Based on annual payments and a 1.6 percent charitable midterm federal rate. Deductions vary based on income earned.

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Next Steps

  1. Contact Paige Harris at 817.558.2840 or 972.351.9943 or paige@mowjec.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Meals on Wheels.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Meals on Wheels in your plans, please use our legal name and federal tax ID.

Legal Name: Meals on Wheels of Johnson and Ellis Counties
Address: Cleburne, Texas
Federal Tax ID Number: 75-1555153