The payment amount is determined by the size of the gift and the age of the annuitant. The older the annuitant the higher the payment amount will be. This amount never fluctuates and is guaranteed for the rest of their life.
Benefits
Charitable Gift Annuities are excellent for someone who:
Supports Great Commission work.
Would like to receive a fixed income for life, and
Is unhappy with current CD rates or the volatility in the stock market.
To see what payout rate you qualify for please contact our planned giving department today.
Example 1:
Tom and Betty were thrilled when the stock market rebounded from the recent recession. They were frustrated with the uncertainty it offered but were just as disappointed with the rates of CDs at their local bank. They contacted Florida Conference and learned that they could make a gift of $20,000 that would benefit the Lord?s work while simultaneously providing them with guaranteed fixed payout rate much higher than CDs were paying.
Example 2:
Max and Irene wanted to support the Lord?s work and, at the same time, give a gift to their son, Bill. They contacted Florida Conference about doing a gift annuity and making their son, Bill, the annuitant. Max and Irene were thrilled to know that while making a difference for the Lord?s work Bill would receive a ?gift? from them? even after they are gone? every quarter for as long as Bill lives.
To explore the benefits of a specific gift, please email our Planned Giving Specialist
or call 407-644-5000.
This annuity provides an income stream to the annuitant(s) beginning with the first quarter after the instrument is funded. If the annuity is for one life the income stream is discontinued upon the death of the annuitant. If the annuity is for two lives the income stream continues until the death of the last annuitant. Generally speaking senior persons choose to purchase a current income charitable gift annuity with its favorable payment rates.
This annuity provides an income stream to the annuitant(s) beginning with the date of deferral. If the annuity is for one life the income stream is discontinued upon the death of the annuitant. If the annuity is for two lives the income stream continues until the death of the last annuitant. Because income is deferred until a later date, interest compounds over the set period of time and when income payments begin they are made at a very attractive rate. Younger persons may find a deferred charitable gift annuity to be an important instrument for the provision of supplemental income for retirement.
How it Works
A charitable gift annuity is a contract between you and Florida Conference Association of Seventh-day Adventists.
- You transfer property to Florida Conference Association of Seventh-day Adventists. In exchange we pay you fixed income for life.
- The fixed income can be quite high depending on your age.
- A portion of your income stream may even be tax-free.
- You will receive a charitable deduction for your gift of the remainder to Florida Conference Association of Seventh-day Adventists and the satisfaction of furthering our mission.
Types of Assets You May Give
If you decide to fund your gift annuity with cash, a significant portion of the annuity income will be tax-free.
You may make a gift of your appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.
Start Receiving Payments Now with a Current Gift Annuity
If you desire current income, you may transfer property in exchange for our promise to pay you fixed income beginning as early as this year. You will receive a current income tax charitable deduction for the value of your gift to Florida Conference Association of Seventh-day Adventists.
Deferred Gift Annuity for Income at Future Date
Perhaps you are not ready to begin receiving income until a future date, such as when you retire. You can establish a deferred gift annuity, receive a current charitable income tax deduction and receive payments at a designated future time. Best of all, because you deferred your payments, your annual payment will be higher than with a current annuity. Contact us about flexible date options for your future income.
Learn more about CGAs.