The charitable gift annuity for the rest of your life - retirement income for elderly music teachers

American Music Teacher, Oct-Nov, 2003

If you are at least 60 years of age, for the rest of your life the MTNA FOUNDATION FUND will send you a check every quarter, or annually, if you wish. While the economy may rise or recede, your periodic check will remain the same. You can count on it because we back our commitment to you with the full assets of MTNA and the MTNA FOUNDATION FUND.

The total amount you receive every year is determined in advance and depends on several things, including your age and the amount you give to establish the arrangement. For example, if you're seventy-five years old, you'll receive more than someone younger who gives the same amount.

Furthermore, for the rest of your life, you will enjoy the satisfaction that your arrangement with MTNA will someday provide it with needed financial resources. By letting us help you with lifetime support, you enable us to serve future generations of music teachers and students.

The IRS favors these arrangements and provides the donor with a charitable income tax deduction. It's one way the government encourages you to support the charitable community.

The arrangement described here is the charitable gift annuity. Year in and year out, it is the most popular life-income planned giving vehicle available.

Would you like to learn more about charitable gift annuities and how they can benefit you and the music teaching profession? For more information please contact Shirley Raut at (888) 512-5278, ext. 242, or sraut@mtna.org.

Charitable gift annuities are currently offered to residents of the following states:

Alaska

Arizona

Colorado

Connecticut

Delaware

District of Columbia

Georgia

Idaho

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Mexico

North Carolina

Ohio

Oklahoma

Pennsylvania

Rhode Island

South Carolina

Texas

Utah

Vermont

Virginia

West Virginia

Wyoming

Sample Gift Annuity for a 70-year old

Age of Annuitant                           70
Amount Donated-Cash                $10,000.00
Annuity Rate                             6.5%
Guaranteed Fixed Annual Payment       $650.00
  Tax-free Portion                    $421.20
  Ordinary Income                     $228.80
Charitable Deduction                $3,299.90

This information is provided for illustration purposes only. Please
seek legal or accounting advice if you are considering a charitable
gift annuity.

CURRENT ANNUITY RATES *

Age            Rate

60              5.7%
65              6.0%
70              6.5%
75              7.1%
80              8.0%
85              9.5%
90 and over    11.3%

* MTNA offers the rates suggested by the American Council on Gift
Annuities.

These rates may be subject to change.