Charitable Gift Annuity

Gifts That Pay You Income

Establishing a charitable gift annuity is simple, thanks to a partnership between Northern Illinois Food Bank and Feeding America. You donate assets that Feeding America invests. In return, Feeding America agrees to make fixed payments to you for life. At the end of the agreement, the funds are transferred to Northern Illinois Food Bank’s endowment.

A charitable gift annuity ensures you a stream of income that you can’t outlive. It’s also a superb way to make an enduring gift that supports hunger relief. In addition, you can receive a variety of tax benefits, including a charitable deduction if you itemize.

Discover your personal benefits by contacting Gina Gramarosso for your no-obligation calculation today: ggramarosso@northernilfoodbank.org.

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.

Please provide the following information to view the brochure.

Deferred Gift Annuity Request Form
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See How It Works

An Example of How It Works

Couple smiling Dennis, 75, and Mary, 73, want to make a contribution to Northern Illinois Food Bank but they also want to ensure that they have dependable income during their retirement years. They fund a $25,000 charitable gift annuity with appreciated stock that they originally purchased for $10,000.

Based on their ages, they will receive a payment rate of 6.0%, which means that they will receive $1,500 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction of $8,792* when they itemize.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Calculate Your Benefits

Input a few details and see how a charitable gift annuity can benefit you.

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Next Steps

  1. Contact Gina Gramarosso at 630-443-6910, ext. 130 or ggramarosso@northernilfoodbank.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Northern Illinois Food Bank.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Northern Illinois Food Bank in your plans, please use our legal name and federal tax ID.

Legal name: Northern Illinois Food Bank
Address: 273 Dearborn Court, Geneva, IL 60134
Federal tax ID number: 36-3203648

Payments for Life

Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.

Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit