Give & Receive - Charitable Gift Annuities | InFaith Community Foundation

Give & Receive

Charitable Gift Annuities

A charitable gift annuity allows donors to make a charitable gift and receive payments for life.  They may be set up for one life or two, joint or successive. After the gift annuitant(s)' life, the remainder of the gift annuity will go to the donor's charitable fund, benefiting their recommended charities over time.
 

HOW TO ESTABLISH AN INFAITH GIFT ANNUITY

InFaith Gift Calculator

REQUEST ILLUSTRATION

Request a personalized illustration for your client using our request form, or use our gift calculator.

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REVIEW DOCUMENTS

Review the illustration and disclosure documents with your client.

InFaith Gift Annuity Application

COMPLETE FORMS

If your client wishes to proceed and establish a gift annuity, complete and return the Gift Annuity Application, IRS Form W-9 and Fund Workbook.

GIFTS OF CASH & STOCK

  • If the client is giving cash, they may send the check at this time, made payable to InFaith Community Foundation.
  • If the client wishes to give stock, include copies of either the stock certificates or the most recent brokerage statement showing the shares they wish to give. InFaith will contact you with specific instructions on how to transfer the securities.
  • If at any time you have questions, feel free to contact our charitable gift planners for assistance. 

RESOURCES TO SUPPORT YOUR WORK

InFaith Gift Calculator

Gift Calculator

Explore potential income payments and charitable deductions for income-producing gifts such as charitable gift annuities. 

Launch Gift Calculator

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GIFT ILLUSTRATION REQUEST

Request a formal gift illustration of an income-producing gift for a prospective donor. Includes a personalized illustration, information and an application.

Request Gift Illustration

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Charitable Gift Annuity Rates

InFaith uses the American Council on Gift Annuities recommended rates to determine the payout rate on a gift annuity contract. Rates are effective July 1, 2020. 

Download Brochure

InFaith Gift Annuity Product Sheet

CHARITABLE GIFT ANNUITY PRODUCT SHEET

Learn more about the benefits of immediate and flexible deferred gift annuities. 

DOWNLOAD PRODUCT SHEET

Gift Annuity illustration

Sample Immediate GA Illustration

Learn more about what an immediate gift annuity illustration looks like through this example.

DOWNLOAD ILLUSTRATION

Flexible Deferred Illustration

Sample Flexible Deferred GA Illustration

Learn more about what a flexible deferred gift annuity illustration looks like through this example.

DOWNLOAD ILLUSTRATION

TAX & FINANCIAL BENEFITS FOR YOUR CLIENTS

  • The annuitant(s) receive fixed payments for life (backed by on the full faith and credit of InFaith);
  • The donor receives a charitable income tax deduction in the year of the gift;
  • For gifts of cash, the annual charitable deduction limit is 60% (for gifts January 1, 2018 and thereafter) of the donor’s AGI;
  • For gifts of long-term appreciated securities, the annual charitable deduction limit is 30% of the donor’s AGI;
  • Unused charitable deductions may be carried over an additional five years;
  • The donor bypasses a portion of capital gains on gifts of appreciated securities; a portion of the capital gain is recognized over the lifetime of the annuitant; and
  • A portion of each gift annuity payment is usually tax-free.
Target Audience

Immediate Gift Annuity

  • Older clients (70+) who:
    • Are fiscally conservative
    • Seek additional income
    • Already have a gift annuity
    • Wish to give cash or appreciated stock
    • Have stock and wish to receive ongoing income for long-term care or wealth insurance premiums 

Deferred Gift Annuity

  • Younger clients (50+) who want to: 
    • Receive a charitable tax-deduction now but have no need for additional income until retirement age
    • Establish a supplemental retirement plan
    • Give cash or appreciated stock
    • Receive additional retirement income, even though they have maxed out qualified retirement plan contributions