Deferred Charitable Gift Annuity

The older you are when payments begin the higher the rate of annual income.

Deferred charitable gift annuity. The payments start on a date you choose. That is to say payments from a Deferred Payment Gift Annuity must be deferred. A deferred charitable gift annuity provides fixed payments to you for life in exchange for your gift of cash or securities.

You have sufficient income now but want to supplement your cash flow later for example when you retire. Deferral of payments permits a higher annuity rate and generates a larger charitable deduction. The agreement states that in exchange for a contribution the non-profit guarantees an annual payment of a set amount to an individual or a couple for their lifetime.

Find the best gift for you Print Deferred Gift Annuity Info. The longer you elect to defer payments the higher your payment will be. Deferred gift annuities are easy to set up and the payments you receive are backed by the general resources of Baptist Mid-Missions Foundation for as long as you live.

A deferred gift annuity provides fixed payments for life to you or others you name in exchange for your gift of cash or securities. With your gift today you can pick a date1 year or more in the futurewhen youd like your annuity payments to begin. A deferred charitable gift annuity DCGA is often the gift of choice when a future guaranteed income is desired.

You can schedule your annuity payments to begin when you need extra income such as retirement years. Deferred Payment Charitable Gift Annuity DPCGA In terms of how they function the one and only difference between a DPCGA and a CGA is the time at which payments will begin being paid to the annuitant s. As a donor you make a sizable gift to charity using cash securities or possibly other assets.

A Deferred Charitable Gift Annuity has many benefits including building a legacy and achieving tax benefits. You want to save on income taxes or capital gains taxes. You want the security of fixed dependable payments for life.