It
would appeal to individuals who are age 65 plus, who:
-
You
decide to make a gift of cash or property to the MS Society.
-
Acting
on your behalf, the MS Society uses a portion of the contribution
(normally 70-75%) to arrange for the purchase of a commercial
annuity that will pay you the agreed upon income amount
at regular intervals.
-
The
MS Society retains the excess and uses it for its charitable
purposes as agreed with you, the donor.
-
Your
payments are made either directly to you, or to the MS
Society, which in turn pays them to you.
-
The
MS Society sends you a special form (if required) for tax
purposes.