Charitable Gift Annuity

BENEFITS TO YOU:

  • Increased annual income.
  • Same annuity income each year.
  • Income for life with option of a guaranteed period.
  • Lower income tax on annuity income.
  • Possible replacement of capital with life insurance.
  • Donation receipt for initial donation.
  • Donation receipt for insurance premiums where the Church is owner and beneficiary of the policy.

BENEFITS TO THE CHURCH:

  • It can receive part of the initial capital for assistance with the annuity option.
  • It can be the beneficiary of any remaining guarantee period should the annuitant(s), you or you and your spouse, die before the end of the guarantee period.
  • The Church could be the sole or joint beneficiary for life insurance that has been purchased.

Prior to making a gift, we recommend that donors receive independent professional advice concerning the possible financial, taxation and legal consequences of doing so.