Charitable Gift Annuities
The Metropolitan Opera has decided not to issue new charitable gift annuities in the present economy. We will continue to evaluate the situation and will update this page when circumstances change. Until then, we are leaving the following information on the website for informational purposes.
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With a charitable gift annuity you can help the Met flourish for future generations of opera lovers – and receive tax-advantaged, assured payments during your lifetime. Continuing uncertainty in financial markets means you may want to consider the benefits of completing a gift annuity now.
A charitable gift annuity is a contract between you and the Metropolitan Opera. In exchange for your irrevocable gift, the Met will pay you (or one or two others of your choice) fixed payments each year for life. The older you or your designated recipients are when you make the gift, the higher the amount the Met can pay. The Met follows the recommendations of the American Council on Gift Annuities in determining annuity rates – and these rates are set to drop very shortly.
Sample Rates
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AGE:
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70
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5.7
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75
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6.3
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80
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7.1
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85
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8.1
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Rates for two income beneficiaries are lower.
Use our gift calculator to discover the current rates you can receive from a gift annuity.
You may also establish a deferred gift annuity, with payments starting at least one year after you make your gift. The higher rates available for deferred gift annuities are often an attractive way to supplement future retirement earnings.
In most cases, part of each payment to you is tax-free, increasing its after-tax value. If you are the annuitant of a gift annuity you establish with appreciated property, you are liable for only part of the capital gains tax; in addition, the tax you do pay may be spread out over many years.
Our experienced gift-planning staff can provide you with individual assistance and more detailed information, in confidence and without obligation.
The Metropolitan Opera depends upon the devoted support of opera lovers around the world who treasure the musical and artistic traditions that have made the Met one of the world’s great opera companies. Your generous commitment today ensures that the Met’s legacy, and your own, will be a lasting one.
For information on creating your own legacy for the Met through a charitable gift annuity, or for help in planning your gift, please call our Planned Giving office at 212.870.7388, or complete this form.