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.

How A Charitable Gift Annuity Works

how a charitable gift annuity works

Advantages Of Using A CGA For Your Ministry

Opens a completely new avenue of raising support for your ministry
Could be a predictable annual income from supporters who choose to give their gift annuity income back to the ministry
Creates a short and long term gifting strategy
Potentially unlocks thousands, or even hundreds of thousands, of dollars to further your ministry’s mission
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.

Advantages Of A CGA For Your Supporters

Tax advantaged, fixed payout on retirement savings for life
An appealing alternative to low paying CDs with advantages
Immediate partial tax deduction
Possibly lowers income taxes on other income
Supplements retirement income
Lifetime fixed income payments
Less social security benefits may be subject to federal income taxes
Supports the short and long term mission of your ministry

How Does Your Ministry Educate Its Supporters About Charitable Gift Annuities?

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.

Assurance For Your Ministry

people and earthA 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. CIS Wealth and Girard Securities are separate and unrelated entities of the National Christian Foundation.

** The Insurance Agent will ensure that concentration levels in a CGA are appropriate for given objectives and goals