Benefits
Charitable Gift Annuity
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.
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.
To speak with someone personally about charitable gift annuities or to get a rate quote, please contact an EFCA Foundation gift planner at (800) 995-8578 or foundation@efca.org.
Benefits
