As a nonprofit organization, we rely on the generosity of friends like you to help maintain CORA as a crucial community partner in the fight against hunger in Chatham County.
By including CORA is your financial and estate plans, you can ensure that our efforts to build a community without hunger continues until our services are no longer needed.
How It Works
Would you like to make a gift today, but have concerns about income for you or a loved one?
A charitable gift annuity is a simple contract wherein CORA will pay fixed payments for the life of a donor’s designated annuitant in exchange for a donation to the organization. Considered to be part donation and part purchase of an annuity under contract, the fixed rate of payments is guaranteed for the life of the income recipients. A portion of that income is even tax free!
You’ve worked hard and planned for retirement. Now, with a little creativity, you can leverage your retirement assets to benefit you and your family, reduce federal taxes, and support CORA into the future.
How It Works
70 ½ or older? Make a “Tax-Free” Gift Through Your IRA
Did you know the gift of a Qualified Charitable Distribution (QCD) benefits donors aged 70½ and up?
The Qualified Charitable Distribution is an excellent way to show your support for CORA and receive tax benefits in return. As you plan your required minimum distributions (RMD) for this year, consider using your IRA account to make the most of your charitable giving. You receive a tax benefit even if you take the standard deduction!
It’s important to consider your tax situation before deciding whether to make a charitable contribution from your IRA. Be sure to share this gift plan with your financial advisor.
This information is not meant as tax or legal advice. Please talk with your accountant, financial advisor, or attorney about including CORA in your financial and estate plans.