Gift Annuity

A charitable gift annuity is the most popular of annuities which provides guaranteed income for life and years of tax advantages. Here is an example for a two-life charitable gift annuity (CGA): husband age 73 and wife age 75 establish a CGA with their favorite charitable organization with a $100,000 gift.

As of March 2021, this couple would receive a charitable deduction for the tax year 2021 for $37,370 and annual annuity payments of $4,800 at a lifetime guaranteed rate of 4.8%.

There are several types of gift annuities, but the deferred gifts are becoming more popular as individuals live longer and want to make sure they don’t outlive their assets. A deferred gift annuity provides a future guaranteed income stream for your retirement or someone else, e.g. college education for grandchildren.

Want to speak with someone at the college?

For more than a century, Montreat College has equipped students to lead and serve with wisdom, integrity, and a biblical worldview. If you are considering a planned gift, fill out the form below.

Our team is here to answer your questions and guide you through the process of ensuring that future generations receive a transformative, Christ-centered education.