Charitable Gift Annuity

The charitable gift annuity is a short, written agreement between you and The Quiet Hour that sets up the payment of income for your lifetime in return for a gift portion for worldwide ministry. A charitable gift annuity is a great way to ensure you have guaranteed income for life—either right away, or later when you need it. It’s also the most popular plan selected by donors of The Quiet Hour!

One of the best features of The Quiet Hour’s charitable gift annuity is peace of mind—knowing that your money is secure, not affected by business conditions or fluctuations in the stock market. In addition, you have the security of guaranteed payments for life.

Another feature of a charitable gift annuity is the very reasonable minimum gift size. Some donors have set up gift annuities with The Quiet Hour for as little as $5,000 or $10,000 each. This makes participation in a charitable gift annuity possible for many of our supporters.

To fund an annuity, you simply provide a gift of cash, appreciated stocks, or other property to The Quiet Hour. Then we’ll prepare an annuity contract and send you a regularly scheduled check, based on the size of your gift and your age. If a two-life annuity is purchased, and you so choose, your spouse can also continue to receive income after your passing.

The rates are excellent (presently as high as 11.3 percent) depending upon your age at the time of the gift. The current rates for a one-life gift annuity are shown below:

Annuity Rates for One Life

SINGLE LIFE

Gift Annuity Payment Rates

Recommended by the American Council on
Gift Annuities. Effective July 1, 2003.

Once a gift annuity agreement is signed, the rate cannot change; it is locked in for the rest of your life. However due to government rules, the rates we can pay for new gift annuities do change periodically. Be sure to contact us for more information or to get a two-life gift annuity rate quote. Please be sure to include your birthdate(s) so that we may give you a personalized quote.

The Quiet Hour offers charitable gift annuities in a number of states.
Click here to view states

Please contact us if you would like to be notified when we offer annuities in your state.

If you are interested in a gift annuity, please print out the application by clicking on the link below, and mail it along with your check.

Charitable Gift Annuity Application – 1 Life

Charitable Gift Annuity Application – 2 Lives

Some of our younger donors who don’t need extra income at this time prefer the advantages of a Deferred Payment Gift Annuity.

CHARITABLE GIFT ANNUITY INFORMATION

Thank you for considering a charitable gift annuity with The Quiet Hour. Your gift will be commingled with other similar assets in The Quiet Hour’s annuity fund. In order to comply with the directions of the Philanthropy Protection Act of 1995, enacted as Public Law 104-82, 109 Stat 682, we wish to disclose to you certain information required by the Act.

The annuity fund is administered by Merrill Lynch as directed by the Investment Committee that is chaired by Jack Boren. Other members of the Investment Committee are: Dan Cotton, Vice-chairman; Bill Tucker, President; Michael Porter, CEO; Randal H. Bates, Executive Director For Finance; Royce Thompson, and Pat Watts. An investment consultant attends in an advisory capacity. The Operating Board that is made up of all the officers of The Quiet Hour, as well as six other corporate board members, monitors this committee’s investment decisions. The California State Insurance Commission reviews each charitable gift annuity written during the year.

Only funds and assets coming from charitable gift annuity agreements are placed into the annuity fund that functions as a pooled account. No withdrawals are made except for the payments required for the charitable gift annuities or upon maturity of individual agreements. The total market value of this fund as of December 31, 2005, was $ 3,494,638.84.

Internal reports are prepared for the Investment Committee on an ongoing basis. More extensive reports are rendered to the annuitants showing the amounts distributed (IRS Form 1099-R) on a yearly basis. These reports are available to you upon request.

With a gift annuity, you simultaneously make a charitable gift as well as provide guaranteed payments for life to yourself and/or your spouse. The fact that you are making a charitable gift may entitle you to income, gift, and estate tax deductions.

Because a charitable gift is involved, the annuity rates offered by The Quiet Hour are lower than those available through commercial annuities offered by insurance companies and other financial institutions.

As a charitable 50l(c)3 organization, The Quiet Hour is exempt from the registration requirements of the U.S. Securities and Exchange Commission. However, we do adhere to conservative investment policies and guidelines for all investments and are audited by an independent auditor each year.

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.

We have endeavored to disclose to you how the funds you have, or will entrust to The Quiet Hour are handled. May the Holy Spirit guide you in your plans.