Charitable Gift Annuities
How it works
- You transfer cash or securities to one of the tax-exempt organizations*.
- After the transfer, the donor (or up to two annuitants you name) receives fixed income for life.
- The principal passes to the tax-exempt organization* when the contract ends.
Benefits
- You receive an immediate income tax deduction for a portion of your gift.
- Your annuity payments are guaranteed for life, backed by a reserve and the assets of the tax-exempt organization*.
- Your annuity payments are treated as part ordinary income, part capital gains income (15%), and part tax-free income.
- You can have the satisfaction of making a significant gift that benefits you now and the tax-exempt organization* later.
A charitable gift annuity is for you if ...
- You want to make a significant gift to us and receive lifetime payments in return.
- You want to maximize the payments you receive from your planned gift — and you want to lower your income tax on those payments.
- You want the security of payment amounts that won't fluctuate during your lifetime.
- You also appreciate the safety of your payments being a general financial obligation of the institution.
To learn more about charitable gift annuities, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.
*BJU does not qualify as a 501(c)(3) tax-exempt organization, and gifts to it may not be deducted for federal income, gift, or estate tax purposes. The BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund and GFA are all 501(c)(3) tax-exempt organizations, and gifts to these organizations may be deducted for federal income, gift, or estate tax purposes.
Planned Giving content © 2006 VirtualGiving
