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Many years ago, Clara bought a home. Since she was very pleased with the home, she decided to buy stock in the company that built it. Over the years, the stock has increased in value many times.
Clara: I have enjoyed my home and I thought if I liked my home, other people would like theirs too. Because I was a happy homeowner, I purchased shares of stock in this homebuilder. It was a good investment.
While the stock has gone up in value several times, I am now tired of guessing the market. In the last few years, the stock has gone up and down in value. I think it would be much better to have a good fixed return and not worry about the stock markets.
Clara called the charity that was closest to her heart and discovered she could receive lifetime payments of 8 percent of the value of her stock shares, based upon her age. This fixed payment was in addition to a large income tax deduction. Clara decided to transfer $10,000 of appreciated stock to a Charitable Gift Annuity (CGA) with the charity she chose to support.
Clara: I am delighted with my Charitable Gift Annuity. I will receive $800 each year for the rest of my life, most of which is tax free, and I saved over $1,500 in capital gains and income taxes. This plan is great! Best of all, I no longer have to watch the markets go up and down. I now have peace of mind.
Please note: The story, names and image above represent an example of the benefits of this type of estate-planning tool. They do not represent actual donors to GFA.
Since the amounts of your gift annuity benefits may be different from the scenario above, you may want to click here to calculate your benefits based on your age and wishes, or contact us to request a personalized CGA illustration.
GFA's Charitable Gift Annuities are administered by National Christian Foundation and can be funded with cash or securities with a minimum value of $10,000. Income payments from a CGA can be received quarterly or annually.