Charitable gift annunity: how it works
1
You make a gift
You make a gift
- Complete a simple standardized contract
- Make an irrevocable gift by transferring cash or appreciated securities to the gift annuity administrator (NOT the church)
- Gift annuities are guaranteed by the issuer of the annuity. They are not government insured and are not usually insured by an insurance company.
2
You get a fixed income
& potential tax benefits
You receive:
A) a fixed income for life. Income rate determined by the number of annuitants (1 or 2) and their age(s).
B) a potential charitable tax deduction for a part of the original gift.*
C) potential favorable tax treatment of part of the annuity income.*
* Dependent upon several factors. Please request your own personalized sample proposal with your own specific details and benefits to share with your tax/financial/legal advisor.
You get a fixed income
& potential tax benefits
You receive:
A) a fixed income for life. Income rate determined by the number of annuitants (1 or 2) and their age(s).
B) a potential charitable tax deduction for a part of the original gift.*
C) potential favorable tax treatment of part of the annuity income.*
* Dependent upon several factors. Please request your own personalized sample proposal with your own specific details and benefits to share with your tax/financial/legal advisor.
3
Your Church receives the remainder
After your lifetime the remaining amount of the annuity is distributed in a lump sum to your church. The church's use of these funds can be restricted or unrestricted.
Your Church receives the remainder
After your lifetime the remaining amount of the annuity is distributed in a lump sum to your church. The church's use of these funds can be restricted or unrestricted.
Thank you for considering a charitable gift for your church.
Please consult with your financial and/or legal advisor.
Please consult with your financial and/or legal advisor.