Charitable or a Deferred Charitable Gift Annuity

Overview:

One of the most common and popular ways to make a planned gift is with a charitable gift annuity. It is a simple contract between you and Florida Christian College . In exchange for an irrevocable gift, the College agrees to pay one or two annuitants a fixed dollar amount each year for life. The amount is based on life expectancy: the older you are at the time of the gift, the greater the amount can be. The general resources of the College guarantee the payments.

Please email Bill Behrman or call him at 407-69-1164 if you have further questions about setting up a charitable gift annuity with Florida Christian College .

Charitable gift annuities can be funded with cash, real estate, or appreciated securities. You receive a tax deduction based on your age, the payout rate, and the federal discount rate. If you use an appreciated asset, a portion of each payout will be capital gain, which is therefore spread out over your lifetime. Likewise, a part of each payment would be a tax-free return of principal, increasing the after-tax value of each payment. And because you have effectively removed the assets from your estate, you avoid estate taxes.

A similar type of annuity is the deferred charitable gift annuity . The arrangement is essentially the same; the difference is that Florida Christian College waits to begin your fixed payout until some specified point in the future (at least one year). In either case, at your death the proceeds of the gift annuity become available for Florida Christian College to use in whatever way you wished.

A deferred charitable gift annuity can be an excellent way to supplement your retirement income. The College receives the gift today and invests it for years; you receive a current tax deduction, but you don't receive the payments until you retire, when you may be in a lower income tax bracket.

Features & Benefits

•  Fixed payout offers the security of guaranteed income
•  Attractive rate of return
•  Can unlock appreciated assets for diversification or increased yield
•  Professional asset management
•  Opportunity to make a substantial gift to FCC
•  Favorable income tax position now and at retirement
•  Immediate charitable tax deduction
•  Estate tax and probate savings