Growing in Generosity
Inspiration for Your Legacy Journey
“Commit to the Lord whatever you do, and he will establish your plans.”
Proverbs 16:3
How to Multiply Your Generosity and Your Peace of Mind
One of the things that drew Bill to his retirement community was its commitment to compassionate and holistic care from the moment he moved in until the moment his life would draw to a close. He gave annual gifts toward various projects but wanted to support the organization in an even more meaningful way. A Charitable Gift Annuity (CGA) was the perfect fit. In fact, Bill called it “a triple blessing.”
Here’s what that triple blessing looks like:
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- You make a gift to your favorite charity, a portion of which funds your CGA. You can give cash, real estate, publicly traded securities, or other assets.
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- You receive a fixed payment for life—monthly, quarterly, or annually.
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- Your gift supports the charity when they receive the remainder after your lifetime.
A CGA also helps you multiply the impact of your giving through its:
Certainty. Your giving is assured, as is the income you and up to one additional beneficiary receive. You also have the option to set up CGAs for loved ones to ensure they’re financially supported for the rest of their lives.
Practicality. CGAs are tax-smart. You’ll receive an immediate tax deduction for a portion of the amount you give to your CGA, plus a percentage of the fixed income is tax-free for the duration of your life expectancy. This can free you up to bless other charities with your generosity.
Simplicity. CGAs are a single giving tool that gives you the opportunity to make a lasting difference both now and after your lifetime. What a wonderful legacy to pass on to your family and the organizations you love.
A CGA is often an excellent fit for those who live on a fixed income or are concerned about outliving their retirement but still want to give generously. Bill sums up the beauty of a CGA perfectly. “It is a blessing for the giver. It is a blessing to receive my regular gift annuity income. And it is a blessing to support the mission of my community.”
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