A charitable gift annuity is a planned giving tool that allows you to make a gift while at the same time receiving a constant stream of income for life.
You can make a gift to the United Methodist Foundation of West Virginia that creates a charitable gift annuity. You would receive a yearly income payment, based on your age at the time the gift. You designate the charity or charities of your choice, such as The Foundation, your local church, or another charity as the remainder beneficiary. The most common beneficiary designation is an Endowment account at The Foundation that provides a perpetual stream of income to the ministry you have chosen.
Payments continue for your lifetime. The remainder of the gift after your death goes to the Endowment account you have specificed to pay income to church or ministry of your choice.
A charitable gift annuity can be established for one or two people. In a two life charitable gift annuity, the life payments are paid through the lifetime of the surviving donor.
What are the benefits of a Charitable Gift Annuity?
Contact The Foundation for more information and to receive a proposal specific to your age and circumstances.