Charitable Gift Annuities

The Benefit of Giving Through Charitable Gift Annuities

Gift Annuities allow you to combine effective stewardship and sensible tax planning for a lifetime of income and the ability to help Texas Physicians Resources Council build stronger families. A Charitable Gift Annuity is an agreement where a supporter makes a contribution for $5,000 or more in exchange for guaranteed payments to one or two annuitant's for life at a specified rate. Payments are made in annual, semiannual or quarterly installments. Upon the annuitant's death, the remaining balance goes to the charity.

Giving through charitable gift annuities has many benefits, including:

• Maintaining financial security by receiving a fixed income for life while making a significant contribution
• Receiving a favorable payout rate: Annuity payout rates are very attractive, especially when compared with most regular savings plans. Your payout rate is determined by your age and your life expectancy
• Saving money by immediate tax reductions
• Flexibility in deciding when you want to start and how you would like to receive your annuity payments

How to Give Charitable Gift Annuities

There are four different types of charitable gift annuities available:

• Single-Life Annuity: One person receives a lifetime income. Payments can begin immediately (after age 50) or anytime in the future.
• Two-Lives Annuity: Two people receive a lifetime income. After the first person passes away the second one continues to receive the payment for the rest of their life. Payments can begin immediately (the youngest annuitant must be at least 50) or anytime in the future.
• Consecutive Annuity: The first person receives income for their lifetime then another person receives income for their lifetime after the first person passes away.
• Annuity for Another: Anyone can setup an annuity for another person. For example a parent may want to fund an annuity for their child, a child for a parent, a friend for a neighbor or any number of other scenarios.

*If you would like to apply for a gift annuity right now (minimum $5,000) or would like to fund your gift annuity through stocks or mutual funds, please contact Mark Swafford at 972-423-8889 x101.

Please note: You can reach our office Monday through Friday between the hours of 9:00 a.m.- 5:30 p.m. by calling 972-423-8889.