MORE ABOUT CGA's
Below are more details about Charitable Gifts Annuities.
CURRENT CHARITABLE GIFT ANNUITY (Payments begin within one year)
With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to the Texas Conference Association of Seventh-day Adventist.
DEFERRED CHARITABLE GIFT ANNUITY (Payments at a future date)
Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
FLEXIBLE DEFERRED CHARITABLE GIFT ANNUITY (Gives you flexibility as to when payments begin)
With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.