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Annuity Rates Drop Jan 1! Act Quickly to Lock in Higher Payments

Article Type: Tips & Insights

A charitable gift annuity (CGA) is a popular giving option that allows seniors ages 65 and older to support their favorite Kingdom ministries AND receive income for life.

And if you act quickly to establish a CGA on or before December 31, 2019, you will receive the highest possible payments!

Current gift annuity rates are the highest they’ve been in years! However, as of January 1, 2020, rates will decrease by .3 to .5 percent.

Here is a sample of some of the current vs. new rates...

Sample Rates Chart

*Example rates assume husband and wife are same age.

You can establish a charitable gift annuity by gifting cash, stock or other appreciated assets. In exchange, you’ll receive an immediate tax deduction and then fixed payments for life.

If you move quickly to establish your CGA on or before December 31, 2019, you will lock in a lifetime of payments for you and/or your loved ones at the 2019 rate.

Barnabas Foundation would love to help you discover whether a charitable gift annuity is the right giving solution for your goals and situation.

For your free, personalized illustration, call 888.448.3040 or email us by using our online contact form.