A Charitable Gift Annuity is a simple contract between you and a charitable organization where you make a gift, and in return the charity agrees to pay you (and possibly another person) a fixed payment for life.
Your payment rate is typically based on your age at the time of the gift. Older donors generally receive higher payout rates.
Part of the gift may be eligible for a charitable income tax deduction, and a portion of each payment may be treated as tax-free income for a number of years.
After all annuity payments have been made, whatever remains is used by the ministry to advance Gospel work, often in areas you have designated.
Benefits of a Charitable Gift Annuity
- Provides fixed, predictable payments for life to you and/or a loved one.
- May generate an immediate charitable deduction and partially tax-free income.
- Creates an eventual gift for ministry from assets you no longer need.
How It Works
Discuss with the Georgia Baptist Foundation how much you would like to contribute and whether the annuity will cover one or two lives.
Fund the gift annuity with cash or appreciated assets in accordance with program guidelines.
Receive fixed payments for life and rejoice that, at your passing, the remaining value will support ministry.
A smarter way to give
Planned gifts are designed to help you give more effectively by aligning your generosity with your overall financial and estate planning.
Rather than giving only from cash flow, you can use assets, retirement accounts, and long-term strategies to reduce taxes, provide income, and increase what ultimately supports ministry.
Our team can help you compare options so that you choose the approach that best fits your situation, your family, and your Kingdom goals.
