Ah, the pleasures of tax deadlines! Perhaps we all wish we had done a little more charitable giving in 2006.
So why not get an early start this year? With a charitable gift annuity you’ll receive a handsome tax deduction for the year it is given—and guaranteed income for the rest of your life.
Let’s use some big numbers. Let’s say, for example, that you are 70 years old and you put $50,000 in a gift annuity. You would receive a charitable deduction of $20,859 which can be used for your 2007 taxes or spread over up to five years, if needed. You would also receive annuity payments in the amount of $3,250 annually for the rest of your life.
But the financial benefits are not the most important reason for making such a gift. We believe the real reason so many have chosen to place their gift annuities with The Quiet Hour is so others will have the opportunity to hear God’s testimony that he has given us eternal life, and that this life is in his Son (1 John 5:11).
So don’t wait! To learn more about how a charitable gift annuity can fit into your estate plan, please visit the charitable gift annuity part of our website, e-mail Planned Giving, or call us at 1-800-900-9021 to speak with a planned giving specialist.
The Quiet Hour confidently supports the following required statement and encourages prospective donors to give it consideration:
THIS IS NOT LEGAL ADVICE. ANY PROSPECTIVE DONOR SHOULD SEEK THE ADVICE OF A QUALIFIED ESTATE AND/OR TAX PROFESSIONAL TO DETERMINE THE CONSEQUENCES OF HIS OR HER GIFT. Payments made under a charitable gift annuity are backed solely by the full faith and credit of the issuing organization, are not insured or guaranteed by an insurance company, are not protected by any insurance guaranty association and are not backed in any way by the states.
|