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Planned
Giving
Gift Annuities
Tax
savings, guaranteed income and eternal impact.
If you're looking for guaranteed income from your investments
but you would love your funds to be used some day for God
in world evangelization, a gift annuity may be worth investigating.
When you make a gift annuity, you transfer an asset or funds
to SEND International. SEND guarantees you pre-agreed annual
income for the rest of your life at a rate comparable to
what you would receive from a normal bond or fixed income
investment. Our payment obligations to you are secured by
all of the combined assets of SEND International. After
your death the remaining principal will be used by SEND
for mission work around the world.
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Example
of John & Mary Smith:
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John
& Mary, ages 70 & 68, irrevocably give $10,000 to SEND for
a joint gift annuity. Based on their ages and the current
annuity rates, they would have a rate of return of 6.8%.
$2,909 of their $10,000 would qualify for an immediate charitable
deduction. Of the $680 they will receive each year, $331
is tax free.
Benefits
to the Smiths
- A current tax deduction of $2,909.
- A $680 yearly income guaranteed, of which only $349 in
taxable.
- Assurance they will receive income for both of their lifetimes.
- Satisfaction of knowing they are making a significant
Great Commission impact through SEND's ministry.
Benefits
to SEND
- A donor is helped in saving taxes.
- At the end of the Smith's lives, the remaining balance
goes to fund worldwide evangelism.
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Tax
Benefits
A gift annuity is part gift and part investment. The exact
proportion depends on your age at the time of the gift.
The gift portion of your annuity is tax deductible right
away and some of your annual income will be tax free. Depending
on your estate, there may also be estate tax reductions
and probate benefits through the annuity program.
No
Fluctuations
Regardless of what happens to the interest rate, the stock
market or the economy in the future you (and your surviving
spouse) will be guaranteed the same annual income for the
rest of your life. If you're looking for future income,
a deferred-gift annuity earns an even higher rate.
Satisfaction
So, through a gift annuity, even while you are enjoying
the tax savings and guaranteed income, you have the satisfaction
of knowing that a major portion of the funds placed in the
gift annuity will eventually be used for missionary work
through SEND.
We'd like to send you detailed and personalized gift annuity
information to help you decide whether to take advantage
of this income tool. It's free and without obligation to
take further action.
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Planned
Giving
Beneficiaries
Have
you ever considered making SEND the beneficiary of one of
your assets? It is a simple and easy way to give. You can
do this on your life insurance, your IRA, and possibly other
pension plans.
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IRA
You
would like to leave something to SEND as part of your estate
but what is the best way to do that? Perhaps your choice
is between appreciated assets and your IRA. It would be
best to designate SEND as the beneficiary on your IRA and
give the appreciated assets to your family. This would result
in greater tax savings to your estate and to your family.
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Life
Insurance
You
took out a life insurance policy to benefit your spouse
and children in the event of your early death. Your children
are now grown and your spouse is provided for in other ways
but you still have that policy.
So
why is life insurance a good way to make a contribution?
1)
The benefit is guaranteed, it is not subject to the potential
downside risks of securities.
2)
Through a relatively small cost (premium) a large benefit
can be provided.
3) The benefits are received by SEND free
of taxes, probate costs, brokerage fees, and other costs.
4) A substantial gift can be made, in
most cases, without any publicity since it is not part
of the estate.
You create a charitable remainder unitrust in your will,
funded with your IRA. The person you choose gets the income
from the trust for their lifetime. At their death the balance
in the trust comes to SEND and you make a contribution to
the cause of missions through SEND. There are also possible
savings on estate taxes.
As
you are probably aware, if you are married, your spouse
has to sign a form agreeing to the change of beneficiary
on an IRA. Also, please note that with any change of beneficiary
it is good to see your attorney to make sure things are
done properly.
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