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Charitable Gift Annuity – one of the most popular types of planned gifts. In this overview we will cover just the basics for Presbyterian organizations. This is not a full education on the complicated topic of gift annuities – but it should be enough for us to speak with a potential donor.
Charitable Gift Annuity – The Basics
It should be our obligation to take care of those who are so generous:
A recent article in the Wall Street Journal reported that PNC Advisors in Pittsburgh conducted a survey that revealed a surprising result: The wealthier you are, the less likely you are to protect your assets. It found that among individuals with at least $500,000 in investable assets, one in five does not have a will, whereas among individuals with $10,000,000 or more in investable assets, 43% do not have a will.
Why Do They Call It “Planned Giving”?
By: Allen Kennedy, Endowment Committee Chairman
When I was in about the third grade, I had that experience that we all have at least once when we’re about that age: I had waited too long to start a school project. I can’t remember now whether it was a Tennessee salt map or a science project—it really doesn’t matter—I had waited too long, there simply wasn’t enough time to get it done, and I knew I was in deep you-know-what. So I did what every normal American kid does, I went to my parents to get help for the fix that I had created for myself.
We want to tell you about a decision we made recently and some of the reasons behind it. But first, we want you to know that we are very proud of you and thankful for the honor of being your parents. You bring us great happiness.
Thanks, Lela Dortch Dixon Thanks For The Nice Flowers
By: Allen Kennedy, Endowment Committee Chairman
By now you have probably noticed the nice flower beds in front of the sanctuary and Cheek House. If I asked you to guess where the money came from to pay for them, I’ll bet you’d say from our operating budget. And if you said that, you’d be wrong. Lela gave us those flowers, even though she died in 1961, 44 years ago. What? you say. How’d she do that? And who was Lela Dortch Dixon, anyway?
Historically, 70% of American families give each year to charity out of their annual income. However, only 6% to 7% of American families make any provision for charity in their estate plan. While there may be a number of reasons for this drastic difference, one big reason is that some people don’t realize how easily they can provide for charity after they are gone.
About six weeks ago Harry McCoy received an e-mail message from a totally unknown sender, congratulating him on a recently-announced appointment. Rather than just let it pass, Harry felt led to call the e-mail sender, who turned out to be representing a charitable institution, and who introduced Harry to the idea of a charitable gift annuity to benefit the institution.
Overview of Charitable Gift Annuity - for Development/Planned Giving Committee