Support Mission & Receive Lifetime Income

• Example of a Charitable Gift Annuity
• What are the benefits?
• Are there other considerations?
• Please tell me more...

You can make a gift to support the Church and its mission in the future, while you receive a payment for life with a charitable gift annuity.

What is a Charitable Gift Annuity?

In exchange for your gift to the Foundation, you will receive payments for life. After your lifetime the gift, less the payment you received, is used for the Presbyterian mission you select.

Sample Charitable Gift Annuity Rates for a Single Life

The annuity payment is based on the annuitant's age the day the gift is made and the amount of your gift. The annuity is paid annually, semi-annually, quarterly, or monthly.

Example of a Charitable Gift Annuity

-As a donor, age 80, you give $10,000 for a charitable gift annuity.  The annuity rate based on your age is 8%.  You will receive $800 annually, $541 of which will be tax-free for your estimated life span.  In addition, you potentially can claim a charitable deduction of $4,905* for your gift. -As a child of a 75-year old parent, you establish a $17,000 charitable gift annuity, which pays supplemental income to your parent.  The annuity provides $100 monthly.  The charitable portion is $7,497, which may save you, $2,474 in income tax (33% bracket).* *Based on calculations in effect at the time of printing and subject to change.  The charitable portion of your gift will be determined as of the gift date.

	•	The annuity income will never decrease.
	•	In most cases, part of each annuity payment is income tax-free, increasing the spendable amount for you.
	•	You may qualify for a federal income tax charitable contribution deduction, further reducing your income tax liability and the cost of your gift.
	•	You provide future support to the Presbyterian mission you select.

Are there other considerations?

	•	It's important to know that your contribution to the Church through a charitable gift annuity is an irrevocable gift.
	•	Once a gift annuity is established, the amount of the annuity payment will never vary, but new annuities may be set up at anytime. A gift annuity can be written to pay you, and your spouse, or it may pay any two persons you select. Payments can be made to one for life, then to the survivor for life -- or payments can be made jointly and then to the survivor. The annuity rates for a two-life annuity are lower than for one life, due to the expected longer payment period. For rates, download the Foundation's Gift Annuity Rate Table.
	•	You may also obtain a deferred gift annuity which allows you to defer the annuity payments to a later date, such as during retirement. These rates are higher than non-deferred annuities. Use the Gift Calculator at the top of this screen to determine the deferred gift annuity rate.

Please tell me more...

When considering charitable giving, you should talk with your tax, legal or financial advisor. The Presbyterian Church Foundation does not render legal, tax or other professional advisory services. As a charitable vehicle, a charitable gift annuity should not be treated as, and is not intended to compete with, investments made for private gain.

The Foundation can provide you with an illustration of a gift annuity. Based upon your age and the amount of the gift, the illustration will include the annuity payment you will receive with the tax-free portion indicated and the charitable tax deduction that may be allowed. Request an illustration for your situation, online, Contact us, or call Pat Ohlmann at 800-858-6127, option #2.

To make a gift now, simply complete the gift annuity agreement and mail with your gift assets to the Presbyterian Foundation.