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Churches and Ministries that you love have many more ways to further their mission in the community and beyond, but they may be in need of more funds to carry them forward!
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How Does It Work?
[/vc_column_text][vc_empty_space height=”10px”][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner][vc_column_text]Many of you would like to help your favorite ministry more, but you also need your retirement nest egg and savings for living expenses. The Charitable Gift Annuity (CGA) is a solution for both you and your favorite ministries that many charities have been using for years. The Charitable Gift Annuity is a way for you to make a gift of cash or stocks to a qualified charity, such as a church or ministry, and in return, receive a partial tax deduction and fixed income payments for life.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_single_image image=”4665″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row top=”10px” bottom=”10px” bg_color=”#ededed”][vc_column][vc_column_text css=”.vc_custom_1470849984537{padding-right: 15px !important;padding-left: 15px !important;}”]
What If You Could…
- Help your favorite ministry further its mission?
- Possibly increase your retirement income for your lifetime(s) using a portion of your assets like stocks, bonds, cash, CD’s and non-income producing real estate?
- Receive multiple tax benefits?
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Advantages Of Using A Charitable Gift Annuity
[/vc_column_text][vc_empty_space height=”10px”][vc_row_inner][vc_column_inner width=”1/2″][vc_list_item icon_name=”fa-exchange” icon_color=”#8da54f”]Tax advantaged, fixed rate of return on retirement savings for life[/vc_list_item][vc_list_item icon_color=”#00517c”]An appealing alternative to low paying CDs with tax advantages[/vc_list_item][vc_list_item icon_name=”fa-level-down” icon_color=”#8da54f”]Immediate partial tax deduction[/vc_list_item][vc_list_item icon_name=”fa-money” icon_color=”#00517c”]Possibly lowers income taxes on other income[/vc_list_item][/vc_column_inner][vc_column_inner width=”1/2″][vc_list_item icon_name=”fa-bicycle” icon_color=”#8da54f”]Supplements retirement income[/vc_list_item][vc_list_item icon_name=”fa-male” icon_color=”#00517c”]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-bookmark” icon_color=”#00517c”]Supports the short and long term mission of your favorite ministries[/vc_list_item][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row top=”10px” bottom=”10px” bg_color=”#00517c”][vc_column][vc_column_text]
Example of a CGA
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Betty Smith, single, age 75
- $100,000 immediate lifetime Charitable Gift Annuity
- 5.8% tax advantaged annual payout for life (based on life expectancy)
- $44,262 Charitable Tax deduction
- $24,270 immediate gift for her church and/or favorite ministry
* This example would also apply to a single male, age 75, as well
** This is a hypothetical illustration and actual results may vary, as individual circumstances will be different in each case. For tax advice, please consult your tax professional.[/vc_column_text][/vc_column][/vc_row][vc_row top=”30px” bottom=”0px”][vc_column][vc_column_text]
Set up an appointment with one of our advisors today to learn more about Charitable Gift Annuities and their benefits for both you and your favorite ministry!
* 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]