A charitable gift annuity with Focus on the Family guarantees income for a lifetime and furthers ministry for generations to come.
What is a Charitable Gift Annuity?
A charitable gift annuity (CGA) allows you to support the ministry of Focus on the Family and receive regular, fixed payments for life by allowing you to combine these three wonderful concepts:
- A generous charitable contribution
- A guaranteed lifetime income source, and
- Favorable tax benefits
In exchange for an irrevocable gift of cash or securities, Focus on the Family agrees to pay one or two annuitants a regular, fixed payment for life. Annuities can be funded with a gift of $5,000 or greater and payments can begin any time alter the youngest annuitant has reached the age of 50.
A gift annuity is most appropriate for people who want a steady and secure stream of income for the rest of their lives with their charitable gift. It’s ideal for those who know they are going to make a gift at the end of life.
Benefits of a Charitable Gift Annuity
- Receive fixed income payments
- Receive an immediate charitable income tax deduction for the charitable gift portion of the annuity
- Further the ministry of Focus on the Family for years to come
What kinds of gift annuities are available?
Focus on the Family offers several gift annuity options:
Immediate: Payments begin within one year.
Deferred: You select a date in the future when you would like payments to begin. The longer you delay your payment start date, the higher the payout amount will be.
Flexible: A Flexible Deferred Gift Annuity means that you do not have to choose a definite payment starting date at the time you set up your gift annuity. Instead, you select a 15-year window during which you can choose to begin receiving payments. The older you are when the payments start, the larger the payments will be.