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Gift Annuity Rates Increase
First Time Since 1997!!!
Effective July 1, 2010 we are
increase the payout rate for Charitable Gift Annuities for the first
time since 1997. The new rates are effective for any charitable
gift annuities made on or after July 1, 2010.
Charitable Gift Annuities are
income-gift arrangements. A donor can make a gift to the United
Methodist Foundation and receive a guaranteed annuity for life; upon
the donor’s death, the remainder will fund the church or ministry of
the donor’s choosing. Rates are based upon the donor’s age, with
older donors being paid the highest rate.
Like numerous other reputable
charitable organizations, the Foundation adopts the maximum rates
recommended by the American Council on Gift Annuities. The ACGA
bases its recommended rates on such actuarial data as life
expectancy, administrative expenses, projected total investment
returns. The rates have long been held as actuarially sound—not
only by charities and donors, but also by states’ insurance
departments and the Internal Revenue Service.
Beginning July 1, the annuity
rate for a 65 year-old will increase to 5.5%. “That means that if
that 65 year-old gave a gift annuity in the amount of $10,000, she
will receive a guaranteed annuity of $550 every year. She’ll get a
tax deduction for making a charitable gift, and a part of that
annuity will be tax-free as well. She may find that she can
actually increase her income by giving the $10,000 away; that’s why
so many people love gift annuities. The 75 year-old will get an
annuity of 6.4%; the rates go all the up to 9.5%, but you have to be
90 years old to get 9.5.”
Click on the link below to view the new rates:
Gift Annuity Rates
Effective July 1, 2010
The Foundation will run a
no-obligation proposal for anyone who is interested. Call the
Foundation today for your personalized gift annuity proposal and
make plans for the future. Call our toll free number
1-800-788-3746 ext. 45.
Consider the Possibilities |
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Are Your Investment Doing Good?
Whenever you hear that question, you probably jump to the investment
returns—the bottom line. A grammarian, you might remind me that if
I want to know how the investments are doing, I should correctly
ask, “Are your investments doing well?”
Just keep reading.
Basically, there are two ways to invest
money. You can invest money by loaning (bonds) or by owning
(stocks). When you buy bonds, you are loaning your money to
a company or a government to use in furthering its agenda.
In exchange for the use of your money, you get interest in
the form of periodic payments. When you buy stocks, you
have an ownership interest (equity) in a company. In
exchange for giving you a share (equity) in the company, it
uses your money to further its enterprise. You invest,
hoping that the company will do well and be able to pay
periodic dividends to you and all the other shareholders.
You also hope that over time the company will grow, and the
value of your shares will increase.
Whether you invest in bonds or stocks, or a
diversified combination of both, you hope that your
investments will do well; that you will receive steady
income payments in the form of interest and dividends, and
that over the
long term the value of your initial investment will grow.
But are
your investments doing good?
Click here to
continue reading |
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