Charitable Gift Annuity
The Missouri United Methodist Foundation can help you create a gift that will ultimately benefit any United Methodist church, organization or affiliated institution.
A Gift That Pays You Income For Life
What are the benefits of creating a gift annuity?
- • Personal satisfaction that your gift will nurture future generations in the Christian faith
- • Fixed payments for life
- • Guaranteed payments backed by your Missouri United Methodist Foundation
- • Tax deduction (must itemize)
- • Partially tax-free payout
- • Capital gains tax savings on gifts of appreciated stock or real property
What is the minimum gift amount necessary to fund a gift annuity?
- • First gift annuity: $10,000
- • Subsequent annuities: at least $5,000
How is my payment determined?
- • The number of annuitants creating the annuity (one or two)
- • The age of the annuitant(s) when the annuity is created
How will my annuity payments be taxed?
Annuity payment taxation is based on the type of asset used to create the annuity:
1. Gift of cash – the payment is partly tax-free and partly ordinary income for a period of time.
2. Gifts of appreciated securities – the payment is partly tax-free, partly capital gain and partly ordinary income for a period of time.
You will receive a Form 1099 from the Foundation each year for your tax reporting purposes.
Donor Information for Charitable Gift Annuities Individual donors interested in a Charitable Gift Annuity should read this information statement.
Contact the Foundation to request your free, personalized and confidential illustration.
Ask David
800-332-8238