[vc_row top=”0px” bottom=”20px”][vc_column][vc_column_text]The Charitable Gift Annuity (CGA) is a solution for both your ministry and its supporters that many charities have been using for years. The CGA is a way for an individual or couple to make a gift of cash or stocks to a qualified charity and in return receive a partial tax deduction and fixed income payments for the life of the donor.
Many of your supporters would like to help your ministry more but need their retirement nest egg and savings for income to live on for their life expectancy.[/vc_column_text][vc_empty_space height=”10px”][vc_column_text css=”.vc_custom_1461100336949{background-color: #00517c !important;}”]
How A Charitable Gift Annuity Works
[/vc_column_text][vc_single_image image=”4665″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row top=”0px” bottom=”20px”][vc_column][vc_row_inner][vc_column_inner width=”1/2″ css=”.vc_custom_1463603538543{background-color: rgba(0,81,124,0.1) !important;*background-color: rgb(0,81,124) !important;}”][vc_column_text]
Advantages Of Using A CGA For Your Ministry
[/vc_column_text][vc_separator style=”shadow”][vc_empty_space height=”10px”][vc_list_item icon_name=”fa-exchange” icon_color=”#00517c”]Opens a completely new avenue of raising support for your ministry[/vc_list_item][vc_list_item icon_name=”fa-group” icon_color=”#00517c”]Could be a predictable annual income from supporters who choose to give their gift annuity income back to the ministry[/vc_list_item][vc_list_item icon_name=”fa-line-chart” icon_color=”#00517c”]Creates a short and long term gifting strategy[/vc_list_item][vc_list_item icon_name=”fa-money” icon_color=”#00517c”]Potentially unlocks thousands, or even hundreds of thousands, of dollars to further your ministry’s mission[/vc_list_item][vc_list_item icon_name=”fa-key” icon_color=”#00517c”]Opens the door to many other long term creative giving ideas for your supporters like a Charitable Remainder Trust, Donor Advised Fund, Charitable Lead Trust, Pooled Income Fund, etc.[/vc_list_item][/vc_column_inner][vc_column_inner width=”1/2″ css=”.vc_custom_1463605262081{background-color: rgba(102,153,0,0.1) !important;*background-color: rgb(102,153,0) !important;}”][vc_column_text]
Advantages Of A CGA For Your Supporters
[/vc_column_text][vc_separator style=”shadow”][vc_empty_space height=”10px”][vc_list_item icon_name=”fa-dollar” icon_color=”#8da54f”]Tax advantaged, fixed payout on retirement savings for life[/vc_list_item][vc_list_item icon_name=”fa-bar-chart” icon_color=”#8da54f”]An appealing alternative to low paying CDs with advantages[/vc_list_item][vc_list_item icon_name=”fa-university” icon_color=”#8da54f”]Immediate partial tax deduction[/vc_list_item][vc_list_item icon_name=”fa-level-down” icon_color=”#8da54f”]Possibly lowers income taxes on other income[/vc_list_item][vc_list_item icon_name=”fa-bicycle” icon_color=”#8da54f”]Supplements retirement income[/vc_list_item][vc_list_item icon_name=”fa-money” icon_color=”#8da54f”]Lifetime fixed income payments[/vc_list_item][vc_list_item icon_name=”fa-pie-chart” icon_color=”#8da54f”]Less social security benefits may be subject to federal income taxes[/vc_list_item][vc_list_item icon_name=”fa-building-o” icon_color=”#8da54f”]Supports the short and long term mission of your ministry[/vc_list_item][/vc_column_inner][/vc_row_inner][vc_empty_space height=”20px”][vc_column_text css=”.vc_custom_1503091901920{background-color: #8da54f !important;}”]
How Does Your Ministry Educate Its Supporters About Charitable Gift Annuities?
[/vc_column_text][vc_empty_space height=”10px”][vc_column_text]The easiest way is to sponsor a Charitable Gift Annuity educational luncheon workshop. A PowerPoint presentation covering all the details of a Charitable Gift Annuity with a question and answer period takes about an hour. The attendees will then be given an opportunity to meet with a qualified Charitable Gift Annuity advisor to determine if it is right for them.[/vc_column_text][vc_empty_space height=”20px”][vc_column_text css=”.vc_custom_1463605795464{background-color: #00517c !important;}”]
Assurance For Your Ministry
[/vc_column_text][vc_empty_space height=”10px”][vc_column_text]
A Charitable Gift Annuity will never be written for a supporter who cannot show they have the financial means to do so. A maximum of 25% of an individual or couple’s combined cash, savings, and retirement assets will be allowed to go into a CGA since it is non-revocable.
YOU CAN LEARN MORE ABOUT CHARITABLE GIFT ANNUITIES FOR YOUR MINISTRY BY GIVING OUR OFFICE A CALL AT (830) 609-6986 AND SETTING UP AN APPOINTMENT WITH ONE OF OUR ADVISORS!
* Charitable Gift Annuities offered by the National Christian Foundation may be re-insured through a fixed insurance annuity product utilizing Charitable Solutions, LLC to obtain competitive quotes through commercial fixed annuity carriers. This re-insurance may be placed directly with the insurance companies or through national annuity brokers. While these annuities provide a lifetime annuity payment, only donors who do not need access to the principal balance being gifted should consider a Charitable Gift Annuity (CGA) since it is irrevocable. The lifetime annuity payment is only guaranteed based on the claims paying ability of the underlying fixed annuity company. When a CGA is executed the rate and income amount are permanently established for life. Donors should be advised that under the terms of a CGA contract this amount may not be changed or renegotiated. All payments are the responsibility of the charitable organization and/or insurance company and care should be taken to ensure the contractual obligation with the Donor is met. Regulation and government oversight of CGA’s varies from state to state. You should consult with legal and tax professionals before entering into a CGA. Christian Investment Advisors, Inc. DBA Christian Financial Advisors® is a separate and unrelated entity of the National Christian Foundation.
** The Insurance Agent will ensure that concentration levels in a CGA are appropriate for given objectives and goals[/vc_column_text][/vc_column][/vc_row]