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FOUNDATION NEWS Caring for the Ministry of Grace: "Ecclesia Perpetua" November 2003 | ||||
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You probably know how a charitable gift annuity works. You give stock or a check to the ELCA Foundation and it signs a commitment to give you "x" number of dollars every year for the rest of your life. The arrangement benefits you in several ways, including tax relief. The ministry you name receives a benefit because it obtains funds to help it carry out its mission. Gift annuities help both the donor and the organization the donor cares about. Some folks like gift annuities so well that they obtain a new one every year. But, did you know you can give gift annuity payments to someone else? For example, let's say your mother is 86 years old and lives on a fixed income. She could use some extra money. So you make out a check to the ELCA Foundation and it establishes a gift annuity, naming your mother as the annuitant. She would receive guaranteed payments every month for the remainder of her life. Of course, you name the ministry that would also benefit from this thoughtful arrangement. |
Or, consider this scenario: You have two adult children and you want to supplement their retirement programs. So you establish a deferred payment gift annuity with the ELCA for each of them. At the outset, when you provide the initial funds, you determine when the payments to your children will begin. It could be at age 65, or perhaps later.
We handle the details and make the payments. Again, the benefits are considerable -- for you, for your children and for the ministry you name. Can you give a gift annuity to a non-family member? Yes indeed. In fact, some donors use these gift arrangements to benefit a treasured friend, a longtime employee, a revered teacher, or someone else they want to assist. Gift annuities can help just about anyone! And all the while, the ministries of our Lord also receive a blessing. Please contact a Board member to talk about a gift annuity program and how these gift instruments can benefit you and the special people in your life. Director, Oregon Synod Endowment Fund Email: Blessed2give@cs.com; 503-413-1405 | ||||
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