How to Increase Your Retirement Income and
Help the Adirondack Mountain Club!

It's quite possible you can make a gift to the Adirondack Mountain Club and actually increase your retirement income. Take, for example, Mrs. Jones (not a real person). She is 80 years old and receives retirement income from various sources, including certificates of deposit. One of her CDs is maturing and she's hesitant to take out another one because of the low rates.

Then Mrs. Jones learns about the Adirondack Mountain Club gift annuity program. At her age, she can obtain a one-life charitable gift annuity that would pay her an annual rate of 8.0% percent. (The rate of return is based on an annuitant's age, and the older the annuitant, the higher the rate of return.) ADK offers rates suggested by the American Council on Gift Annuities. (These rates are subject to change.)

What's more, because a gift annuity is irrevocable, she would receive an income tax charitable deduction for a portion of her contribution. And, since the Adirondack Mountain Club will eventually benefit from the gift, Mrs. Jones would have the satisfaction of helping an organization she cares about.

Regular Payments

After talking with her advisor, Mrs. Jones decides to obtain an Adirondack Mountain Club gift annuity for $10,000. Because the rate is so much better than what she was receiving from her CD, her retirement income will increase. Every quarter -- for the rest of her life -- she will receive a check from the Adirondack Mountain Club for $200.00.

Charitable gift annuities are popular with senior donors. In fact, some donors like this arrangement so well they obtain additional annuities as the years go by. The older a person is, the higher the rates. The highest rate, for persons 90 years and older, is 11.3 percent.

To learn more about our gift annuity program, contact ADK's Development Office at 518-668-4447, ext 25.