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
REQUEST ILLUSTRATION
Request a personalized illustration for your client using our request form, or use our gift calculator.
REVIEW DOCUMENTS
Review the illustration and disclosure documents with your client.
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
Gift Calculator
Explore potential income payments and charitable deductions for income-producing gifts such as charitable gift annuities.
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.
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.
CHARITABLE GIFT ANNUITY PRODUCT SHEET
Learn more about the benefits of immediate and flexible deferred gift annuities.
Sample Immediate GA Illustration
Learn more about what an immediate gift annuity illustration looks like through this example.
Sample Flexible Deferred GA Illustration
Learn more about what a flexible deferred gift annuity illustration looks like through this example.
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
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Deferred Gift Annuity
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