Charitable Gift Annuity
A Charitable Gift Annuity ("CGA") is a gift you make to The Christian Broadcasting Network ("CBN") that can provide you with a secure source of fixed income payments for life, while also allowing you to spread the Good News of Jesus Christ through CBN's evangelism and humanitarian outreaches.
How does it work?
You make a gift of cash or stock to CBN. In exchange, CBN promises to pay one or two individuals you name (the annuitants), which could be you or others you name, a fixed amount for life. Once all annuitants have passed, CBN uses the remainder to support its ministries.
| Rates for One Life |
|
| AGE | RATE |
| 60 | 5.2% |
| 62 | 5.4% |
| 65 | 5.7% |
| 67 | 5.9% |
| 70 | 6.3% |
| 72 | 6.6% |
| 75 | 7.0% |
| 77 | 7.4% |
| 80 | 8.1% |
| 82 | 8.5% |
| 85 | 9.1% |
| 87 | 9.5% |
| 90+ | 10.1% |
| Rates for Two Lives |
||
| YOUNGER AGE | OLDER AGE | RATE |
| 60 | 65 | 4.8% |
| 60 | 70 | 4.9% |
| 65 | 70 | 5.2% |
| 65 | 75 | 5.4% |
| 70 | 75 | 5.8% |
| 70 | 80 | 6.0% |
| 75 | 80 | 6.5% |
| 75 | 85 | 6.7% |
| 80 | 85 | 7.3% |
| 80 | 90 | 7.7% |
| 85 | 90 | 8.7% |
| 85 | 95 | 8.9% |
| 90 | 95 | 9.9% |
Hear Leonard Dawkins' CGA story with CBN
Potential Benefits
- Ideal to supplement retirement income
- Receive fixed income for life
- Receive an income tax deduction in the year you establish the annuity
- A portion of the annuity payment is typically tax free
- Payments may be higher than your return on low-earning securities or cds
CGA Eligibility & Other Requirements
- A minimum gift of $10,000 is required for a CGA in most states (may be higher in a few)
- Payment may be made to a maximum of two beneficiaries
- Annuitants must be at least 55 years of age when payments are commenced
- CGAs may be funded with cash or stock
Get a calculation HERE
For a customized Charitable Gift Annuity illustration please CONTACT US
This communication does not constitute legal, tax or financial advice, which CBN does not provide. Please consult professional advisors concerning the legal, tax or financial consequences related to your charitable planning. A Charitable Gift Annuity is a simple contract between the donor(s) and The Christian Broadcasting Network, Inc. (CBN). It is initiated with the completion of an application. The act of establishing a Charitable Gift Annuity with CBN is not and should not be viewed as an investment. The regulation of Charitable Gift Annuities varies from state to state.
Additional Information
Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
