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?
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- • 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
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What is the minimum gift amount necessary to fund a gift annuity?
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- • First gift annuity: $10,000
- • Subsequent annuities: at least $5,000
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How is my payment determined?
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- • The number of annuitants creating the annuity (one or two)
- • The age of the annuitant(s) when the annuity is created. The American Council on Gift Annuities publishes the rates that most major charities – including the Foundation – follow.
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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 Info CGA 2020
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