Charitable Gift Annuities to benefit Gospel for Asia are administered by the National Christian Foundation (NCF). NCF issues CGAs on our behalf. NCF's commitment to pay your annuity is a legally binding contract, and since 1998, when their first CGA was issued, they have never missed an annuity payment. They have an extremely careful and prudent investment policy that provides maximum security for all of the CGAs they issue, and CGAs are typically reinsured for even greater security.
If you fund your CGA with cash, a significant portion of the annuity payment will be tax-free. If you fund it with appreciated securities, you can avoid a portion of the capital gains tax.
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.
Current charitable gift annuity (payments begin within one year). — With a current CGA, you may transfer cash or securities in exchange for fixed payments beginning as early as this year. You will qualify for an income tax charitable deduction this year for the value of your gift to Gospel for Asia.
Perhaps you would prefer to begin receiving payments on a future date, such as when you retire. With a deferred CGA, you establish the gift annuity today, qualify for a charitable income tax deduction this year, and defer your payments until a designated date sometime in the future. Because you deferred the payments, your annual payments will be higher when the payments start than they would have been with a current CGA.
Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start). — With a flexible deferred CGA, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and qualify for a charitable deduction this year, but the payments are deferred until you decide at a later time that you would like to begin receiving them.