Charitable Gift Annuity
Charitable Gift Annuity (CGA): A Meaningful Legacy with Guaranteed Income to You for Life.
When you give a CGA to Messiah, you can make a lasting impact while securing a steady income for yourself.
How it works
When you create a CGA, you make a charitable gift to Messiah, part of which can be tax deductible. In exchange, you receive fixed annuity payments for the rest of your life. Alternatively, you can choose to have these payments go to a family member or friend.
Secure Your Future While Supporting Christian Higher Education
Charitable Gift Annuities (CGAs) are a great option for individuals looking to secure a steady income while also making a charitable contribution to support Messiah. With a minimum gift of $10,000, you can receive fixed payments for life, which can be especially appealing during times of market volatility.
Additionally, the upfront charitable income tax deduction can make a significant difference in your overall tax strategy. It's worth comparing the rates of a CGA to your current investment returns—many find that the reliability and benefits of a CGA can be quite attractive. If you're considering this option, it might also be helpful to consult a financial advisor to see how it fits into your overall financial plan.
Single Life Suggested Maximum Gift Annuity Rates
| Age | Rate |
|---|---|
| 60 | 5.2 |
| 61 | 5.3 |
| 62-63 | 5.4 |
| 64 | 5.6 |
| 65 | 5.7 |
| 66 | 5.8 |
| 67 | 5.9 |
| 68 | 6.1 |
| Age | Rate |
|---|---|
| 69 | 6.2 |
| 70 | 6.3 |
| 71 | 6.4 |
| 72 | 6.6 |
| 73 | 6.7 |
| 74 | 6.8 |
| 75 | 7.0 |
| 76 | 7.2 |
| Age | Rate |
|---|---|
| 77 | 7.4 |
| 78 | 7.6 |
| 79 | 7.8 |
| 80 | 8.1 |
| 81 | 8.3 |
| 82 | 8.5 |
| 83 | 8.7 |
| 84 | 8.9 |
| Age | Rate |
|---|---|
| 85 | 9.1 |
| 86 | 9.3 |
| 87 | 9.5 |
| 88 | 9.7 |
| 89 | 9.9 |
| 90+ | 10.1 |
Benefits of a charitable gift annuity
- Receive fixed payments to you or another annuitant you designate for life
- Receive a charitable income tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Further the charitable work of Messiah University with your gift
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to support Messiah University.
- You transfer cash or property to Messiah University.
- In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- You also receive satisfaction, knowing that you will be helping further our mission.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.
An example of how it works
Many years ago, Clara bought a home. Since she was very pleased with the home, she decided to buy stock in the company that built it. Over the years, the stock has increased in value many times.
Clara: I have enjoyed my home and I thought if I like my home, other people would like theirs. Because I was a happy homeowner, I purchased shares of stock in this homebuilder. It was a good investment.
While the stock has gone up in value several times, I am now tired of guessing the market. In the last few years, the stock has gone up and down in value. I think it would be much better to have a good fixed return and not worry about the stock markets.
Clara called her favorite charity and discovered that she could receive a return of almost 6.4%, based upon her age. This fixed payment was in addition to a large income tax deduction. Clara decided to transfer $10,000 of appreciated stock to Messiah University.
Clara: I am delighted with my gift annuity. I receive 6.4% and saved over $1,500 in income taxes. This plan has been great. Best of all, I no longer have to watch the markets go up and down. I now have peace of mind.
*Please note: The name and image above is representative of a typical donor and may or may not be an actual donor to Messiah University. Since your gift annuity benefits may be different, you may want to click here to view a color example of your benefits.