| A Charitable Gift Annuity (CGA) is a simple concept: part charitable gift, part annuity. Funded by your contribution, the CGA provides fixed annuity payments to you for life and a gift to the charity(ies) of your choice. A portion of your contribution is tax-deductible, and a portion of your annuity is tax-free. If you wish, you can have the annuity payments go to a family member or friend instead. How it works: - A CGA is actually an agreement between you and NCF. You agree to make a gift of cash or publicly traded securities to NCF (minimum $10,000).
- We agree to pay you a fixed amount for the rest of your life or for a specified period of time. These payments can be made quarterly, semi-annually or annually. You can choose to start these payments right away, or defer them. And they can be made to one or two people.
- Your church or favorite ministry(ies) receive a gift right away. Or, money can be placed in your NCF Giving Fund, which you can use later to recommend distributions to charities.
There are many benefits of establishing a CGA with NCF, including:
- Immediate tax deductions. You generally qualify for an immediate tax deduction for a portion of the contribution that funds your CGA.
- Regular payments. A CGA produces a fixed payment for life with rates generally higher than CDs. A portion of the income is often tax-free.
- Christian values. In establishing a charitable gift annuity through NCF, you can rest assured that your gift will ultimately be directed to ministries and charities that operate in accordance with Christian values.
- Flexibility. You can use a single CGA to recommend grants to multiple charities. And unlike a trust, you may establish a CGA without a lawyer (though it is always a good idea to seek legal and tax advice from your professional advisor).
Learn more about CGAs through NCF (including the latest rates) in our PDF brochure download, or request a customized illustration online now. | | |
