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.
Not sure how to get started?
Answer a few simple questions, and we’ll point you down the right path.
Want to speak with someone at the college?
Garrett Luck
Vice President for Advancement
garrett.luck@montreat.edu
“There aren’t that many Christian colleges left, and we want to do our part to help strengthen Montreat College for young people seeking a Christian education.”
Joe and Janet Caudell
Next Steps
- Contact Garrett Luck, Vice President for Advancement, at garrett.luck@montreat.edu for additional information on planned giving.
- Seek the advice of your financial or legal advisor.
- If you include Montreat College in your estate plans, please use our legal name and federal tax ID.
- Legal Name: Montreat College
- Address: P.O. Box 1267, Montreat, NC 28757
- Federal Tax ID Number: 56-0543261
Learn about the many benefits of a charitable gift annuity in our FREE guide.