Charitable Gift Annuities

A charitable gift annuity (CGA) is a way to make a gift to support the causes that you care about. You make a gift of cash or property to us. In return, we will make payments for life to you, you and a loved one, or another person.

Each payment will be fixed and the amount of each payment will depend on the age of the person who receives the payments.


FUNDING A CGA IS SIMPLE
  • Write a check
  • Use a credit card
  • Transfer stock


WE WILL PROVIDE YOU A DETAILED ILLUSTRATION SHOWING:
  • Your personal payment rate
  • Your income tax deduction for this year
  • Your capital gains tax savings
  • After all payments have been made, we will receive the remaining value of your gift to support the causes that matter to you.

Perhaps you like the idea of a charitable gift annuity, but you want an even higher rate than the one designated for your age. You do have options especially if you are just starting to think about your retirement, or are already retired and can wait awhile for your gift annuity to begin.

A deferred gift annuity (DGA) is exactly like a charitable gift annuity except you must wait a few years for the first payment. The longer you wait, the higher the payment rate will be, even if you are funding one for two people, not just yourself.

The deferred gift annuity also features a fixed payment rate and tax benefits, but the income tax deduction is generally higher for a deferred gift annuity than a charitable gift annuity.

HERE’S THE STORY OF A FRIEND WHO DISCOVERED THE SECURITY OF A CHARITABLE GIFT ANNUITY


Many years ago, Clara bought a home. Since she was very pleased with the home, she decided to buy stock in the company that built and sold her home.

Over the years, the stock has increased in value many times.

Clara: This stock was a good investment. Because I was a happy homeowner, I purchased the shares of stock in this home builder. While the stock has gone up in value several times, I am now tired of guessing the market.

I think it would be much better to have a good fixed return and not worry about the stock markets.

Clara called us and discovered that she could receive a payment based upon her age. This fixed payment was in addition to a large income tax deduction. Clara decided to transfer $10,000 of appreciated stock to our organization.

Clara: I am delighted with my charitable gift annuity. I received a good payment and saved over $1,500 in income taxes. This plan has been great. Best of all, I no longer have to watch the markets go up and down. I now have peace of mind.

You too can have peace of mind by calling Senior Development Officer, Caryl Turnow at 218.759.2057 to learn more about the next step to take!


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