Charitable Gift Annuity
A Charitable Gift Annuity is the opportunity for an exchange of a gift of cash or stock where the EFCA Foundation agrees to make fixed payments for life. This giving option, allows the donor to make a gift supporting the Lord’s work through the EFCA, while providing the donor with regular payments to supplement income.
The Benefits
- Fixed payments for life - a gift annuity contract provides for fixed payments for one or two individuals for life.
- Partly Tax-Free Income - a portion of each gift annuity payment to the donor is tax free for a number of years.
- Rates by Age - annual gift annuity payouts are based on donor’s age (rates are higher for older donors). The EFCA Foundation uses the rate schedule set by the American Council on Gift Annuities (ACGA).
- Charitable Tax Deduction - donor receives a current federal income tax deduction.
- Great Way to Supplement Retirement Income - the payout is safe and secure. Older donors will likely be attracted to an "immediate" payout gift annuity. Younger donors may choose a "deferred" payout timed to meet their anticipated retirement schedule.
- Good Stewardship - donor is able to further the mission of the EFCA and with financial resources originally entrusted by the Lord.
Typical Donor: A donor with cash or appreciated stock with a value of at least $5,000. Ministry friends and donors regularly fund gift annuities in the $10,000 to $100,000 range. Donors age 65 and older will likely be most interested in an "immediate" payment annuity. Younger donors usually prefer the "deferred" payment annuity.
Gift Annuity Stories
Resources
- My Rate Calculator
- CGA Application Form (Adobe PDF) Simply print the form and mail the completed form along with gift payment to the EFCA Foundation.
- Gift Annuity Presentation
Contact Us: For personalized illustration, please email foundation@efca.org or call toll free 800-995-8578.
