Charitable Gift Annuities

A charitable gift annuity is an increasingly popular way to make a meaningful gift to benefit a United Methodist Church or institution while you enjoy income and tax benefits that can enhance your financial well-being.  Annuities can be written on one or two lives.  A charitable gift annuity can also make it possible for you to make a charitable gift while helping to meet the long-term financial needs of a loved one.

How do gift annuities work? 
Under the terms of a gift annuity, you make a charitable gift of cash, stock or other appropriate property. You receive fixed payments for life. The frequency and amount of payments are determined  at the time the gift annuity is funded.  The amount is based  on rates established by the American Council of Gift Annuities.  Upon your death, the charitable remainder is used for the charitable purpose you have chosen. The promise to pay the annuity is a general obligation and, in this sense, is "backed" by all the unencumbered assets of the UM Foundation of West Virginia, Inc.

Potential tax benefits!
You may be entitled to an income tax deduction for the year of your gift. Part of each payment is tax-free through life expectancy. You can enjoy income and tax benefits today for a gift that you might otherwise have planned to make in the future.

Benefits of a gift annuity.

So as you can see there are several benefits to establishing a Charitable Gift Annuity.

  • Income payments for life
  • Income tax savings
  • Part of each payment is tax-free through life expectancy
  • Can be a way to provide an income for a surviving loved one
  • Payment amount is set permanently when the gift is made
  • A way to leave a legacy to a United Methodist Church or institution of your choice


For those exploring the options offered by Charitable Gift Annuities, the Foundation offers no obligation, no cost proposals. One way to begin the process is to click here to open a Word document form.  You can either print and mail or fax the completed form to our office or email us this form by saving it to your computer and then attaching it to an email.  For additional information or assistance in completing the form, contact us via email at info@umfwv.org or by calling toll free 1-800-788-3746 ext. 45.

The Foundation does not give legal advise or tax advice. 
Always consult with your own advisors before deciding which gift works best for your circumstances.