Do good,
do well . .
Butch and Becky
Phillips of Gateway United Methodist Church in Fairmont, West Virginia,
have done good for others, while at the same time doing well for
themselves. They accomplished this by using charitable gift annuities
as the basis for charitable gifts. Butch and Becky not only experience
the joy of knowing they will continue to have an impact on ministry
after their lifetimes, but also they enjoy many economic benefits. Did
you know you can make a charitable donation and increase your income at
the same time? In today’s economic environment of lower interest rates,
you may want to consider the advantages of a Charitable Gift Annuity
with the United Methodist Foundation. By making an irrevocable gift
with a Gift Annuity you, like Butch and Becky, can achieve these and
other benefits:
-
Leave a legacy for your local church
and/or other ministries
-
Receive guaranteed annuity payments for
life
-
One or two lives
-
Partially tax-free
-
Claim an income tax deduction for
charitable donation
-
Use appreciated property (such as
securities) to make your gift, and in addition to the other
benefits,
you get preferential treatment of capital gains
Your annuity payments
will never change during your lifetime. The amount of your payments is
based upon your age and is set in
the Gift Annuity Agreement.
The Gift Annuity rates
are quite favorable compared to other income plans. To illustrate:
|
One Life |
Two Lives |
|
Age |
Rate |
Ages |
Rate |
|
60 |
5.0% |
65 & 66 |
5.0% |
|
65 |
5.3% |
70 & 72 |
5.3% |
|
70 |
5.7% |
75 & 78 |
5.7% |
|
75 |
6.3% |
80 & 83 |
6.3% |
|
80 |
7.1% |
85 & 87 |
7.2% |
|
85 |
8.1% |
89 & 90 |
8.1% |
Consider the
possibilities…
To read more about how
Gift Annuities work click here.
We are at your service to answer any questions you may have concerning
your planned giving.
Give us a call at 1-800-788-3746 ext. 45 or visit our office located at
900 Washington Street, East, Charleston, WV.
