GIFT ANNUITIES

A Charitable Gift Annuity is a contractual agreement between a donor and a charitable organization in which the donor gives assets in exchange for the organization’s promise to provide the donor with payments for life. Attractive rates vary based on age and offer continuing tax benefits. Older annuitants will benefit from higher annuity rates as will those who opt for a deferred gift annuity option.

HOW IT WORKS
- The donor contributes a gift of cash, securities or real estate to The Baptist Home.
- The Baptist Home pays the donor or one other beneficiary the donor names a fixed income for life.
- At the death of either of the one or two designated people, the remaining corpus of the annuity is transferred to The Baptist Home which helps support it’s ministry for years to come.

The Baptist Home Foundation can provide a donor a Single-Life Charitable Gift Annuity or a Two-Life Charitable Gift Annuity (Click Here for Rates) for a minimum contribution of $10,000. Annuity payments can be set up to be received quarterly, semi-annually or annually.

BENEFITS
- Receive guaranteed, fixed income for life in return for your gift.
- In most instances, increase the return you are currently receiving from CD’s or stocks.
- Receive an immediate income tax deduction for a portion of your gift.
- A portion of your annuity payment will be tax-free over the course of your life expectancy.
- If you fund your annuity with appreciated property, you benefit from 1) a partial elimination of capital gains taxes, and 2) the remaining portion of the gain to be recognized can be spread over your estimated life expectancy.

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