A charitable gift annuity allows you to make a gift to ministry while receiving tax benefits and regular, fixed payments for the rest of your life and the life of your spouse. Under the terms of a gift annuity agreement, the Foundation agrees to pay a fixed lifetime annuity payment to one or more people. Your charitable gift will benefit the ministries of your choice after the death(s) of the annuity payment recipients. In addition to the gift annuity payment, you also receive a current income tax deduction for part of the gift’s value. The rates are based on the age of the annuitant, so the payment for an older annuitant will be higher than the payment for a younger annuitant.
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Contact us today to learn more about Charitable Gift Annuities.