A Charitable Gift Annuity is a contract between you and Florida Conference whereby Florida Conference agrees to make monthly or quarterly payments to you (or your designee) in exchange for a charitable gift, usually of $10,000 or more. The charitable gift may be in the form of cash or stocks and bonds.
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.
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.
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 Lords work while simultaneously providing them with guaranteed fixed payout rate much higher than CDs were paying.
Max and Irene wanted to support the Lords 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 Lords 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.
Current Income Charitable Gift Annuity
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.
Deferred Income Charitable Gift Annuity
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.