A Gift That Gives Back
You may be able to significantly increase your annual income through a Charitable Gift Annuity. With a Charitable Gift Annuity, you make a gift that pays you an income for life or the lives of you and your spouse. The rate of return is based on your age at the time of your gift.
| AGE |
Payout Rates |
| 60 |
5.0% |
| 65 |
5.3% |
| 70 |
5.7% |
| 75 |
6.3% |
| 80 |
7.1% |
| 85 |
8.1% |
| 90+ |
9.5% |
*This chart reflects sample payout rates for single donors. Payout rates differ for couples.
*Rates are determined by the American Council on Gift Annuities (effective through July 1, 2010)
When you establish a Charitable Gift Annuity, you receive a charitable deduction for a portion of the gift. In addition, a portion of your annual income from the Gift Annuity is tax-free. After you are gone, the remainder of the gift goes to Guiding Light Mission or any other charities you select. A Charitable Gift Annuity may be the answer for you. With a Charitable Gift Annuity you get:
- Increased Income
- Tax Deduction
- Annual Payments (partially tax-free)
- Increased Kingdom Impact
Did you know you can receive lifetime income in exchange for a gift to Guiding Light Mission? Click here for a FREE copy of "Questions and Answers About Gifts That Give Back"
For more on estate or gift planning, please contact Sharice Purman at sharice@lifeonthestreet.org or 616-451-0236x17.
Buying a home or refinancing your mortgage? Use Awareness Home Funding and $250 will be donated to Guiding Light Mission! It's easy. Learn more.