Is a CHARITABLE GIFT ANNUITY Right for You?
A charitable gift annuity (CGA) may be a great planned giving option for you. It is designed to provide income and tax benefits to you and your family, while leaving a legacy gift that will have a positive impact on the ministries and charitable causes you value most. A CGA may also increase your fixed retirement income.
How A Charitable Gift Annuity Works
Charitable gift annuities are among the most popular planned gifts. Under the terms of a gift annuity agreement, the donor makes a gift to the church or related organization. During the year the gift is made, the donor receives a charitable income tax deduction. For the term of the agreement, the donor receives regular annuity payments, based on the donor’s age and the amount of the gift.
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Charitable Gift Planning
There are many ways to give. The wise steward looks at what God has entrusted to him or her and then decides what will constitute a worthy gift