Some charitable gifts are designed to support both the ministries you care about and your own financial planning. One example is a Charitable Gift Annuity.
A charitable gift annuity allows a donor to make a gift to support ministry while receiving fixed payments for life. Those payments can begin this year or at a later date. The gift may be funded with cash or appreciated property, and payment rates are generally based on age.
For some individuals, a charitable gift annuity offers a way to support the Church’s future work while also creating a dependable stream of income. After the lifetime payments are completed, the remaining funds continue to support the ministries and programs designated by the donor.
Like many aspects of charitable planning, this approach is not right for everyone, but it is one of several tools available to those seeking to align generosity with long-term planning. As we observe “Leave a Legacy Month,” we will highlight several other ways individuals support ministry for future generations.
You can learn more about charitable gift annuities and other planned giving options by visiting our website at odflegacy.org.