gifts through charitable gift annuities

Giving through a Charitable Gift Annuity allows you to arrange a generous gift to benefit West Side Ecumenical Ministry (WSEM), while providing yourself with a fixed payment stream and significant tax benefits.

How it works

• You make a gift of cash or securities to WSEM.
• WSEM pays you, or up to two annuitants you name, fixed payments for life.
• Upon maturity of the charitable gift annuity, the principal passes to WSEM.

Benefits of Charitable Gift Annuities

• You receive an immediate income tax deduction for the charitable portion of your gift.
• You receive fixed payments during your lifetime, regardless of the market conditions.
• Your annuity payments may be treated like your ordinary income – including part capital gains income (15%) and part tax-free income, depending on the type of assets used to fund the annuity.
• You have the satisfaction of making a significant gift that benefits you now and WSEM in the future.

Recognition: The WSEM Legacy Society
WSEM recognizes and honors friends of the agency who inform us of their intention to invest in the future of Cleveland's children, youth and families through planned or deferred gift arrangements.

Contact Us
For further information on how you can establish a charitable gift annuity to benefit WSEM, please contact the Advancement Department at (216) 651-2037.