Charitable Gift Annuities
Income Today, Gifts Tomorrow
Are you tired of living at the mercy of the fluctuating stock, bond and real estate markets? Would a fixed monthly income be a good supplement to your other sources of income? Would it be even better if part of it were tax-free? Do you want to leave a bequest to your church (or other charitable organization) at the end of your life?
A Charitable Gift Annuity (CGA) is a gift made to your United Methodist church, ministry or organization that can also provide you with a secure source of fixed payments for the rest of your life.
A Charitable Gift Annuity is a contract between you and the Virginia United Methodist Foundation. In exchange for your gift, we agree to pay you a fixed income for life, and a portion of the income may be tax-free. You also receive a charitable tax deduction (which you can take this year) for the value of your future gift. At the end of your life, your designated charity(s) receives the gift which you have arranged in this contract. In addition, you will have the satisfaction of knowing that you are helping advance the Kingdom of God!
If you are like many individuals who are tired of receiving minimal income from your cash assets, a gift annuity is a solution that provides you with reliable income during your lifetime and then leaves a lasting gift to your favorite charitable cause(s). It is a wonderful instrument for giving to ministry, while receiving an income stream for your lifetime or the lifetimes of you and your spouse.
Think of everything we balance – work schedules, tires, checkbooks, meals, and so much more. Yet, for all we so carefully keep in tune, few of us consider balancing our charitable giving. But just like everything else that runs better when aligned, our charitable giving can be more powerful and effective when it takes into account today and the future.
Consider a Charitable Gift Annuity – not just for the steady, reliable stream of monthly income it will provide you for the rest of your life – but also as a way to plan a gift to your church or other ministry or charitable cause at the end of your lifetime. Call us at 804-521-1121 for more details.