Laying up treasure on Earth RESOURCES A V AIL A BLE is not a goal for Christians.

B R OCHURES CHARITABLE Wisely using what Planned Giving (overview) GIFT ANNUITY we have, is. Charitable Gift Annuity Charitable Remainder Trust

A charitable gift annuity (CGA), Pooled Income Fund administered by the Episcopal Church Writing Your Will Foundation, enables you to make a DET A ILED B OOK LETS substantial gift to your church, diocese, or another Episcopal organization now and Planned Giving (overview) receive guaranteed income from those Charitable Gift Annuity assets for yourself or a beneficiary that Charitable Remainder Trust you name as long as you and/or the Pooled Income Fund beneficiary lives. Guarantee Planning for the End of Life This is one way to put your treasure an income where your heart is—in the church— This series of gift planning brochures was developed by the Episcopal Church and still take care of your needs and Foundation. The church, the writers, and publishers of this material are not those of your family. engaged in rendering legal or tax advice. For advice and assistance in specific for life. cases, please consult an attorney or professional counselor.

©2010 Episcopal Church Foundation A CGA is a contract between you and the Episcopal Church Foundation, which guarantees a fixed amount of income for life. You can fund your annuity with cash or marketable securities. 475 Riverside Drive, Suite 750 New York, NY 10115 800-697-2858 www.EpiscopalFoundation.org HOW IT WORKS… STARTING A CHARITABLE

You receive an income tax deduction in the year Two Life: Joint & Survivor (two people receive GIFT ANNUITY IS that you establish the annuity for the gift portion payments; when one person dies, survivor receives REMARKABLY EASY… of the contract. the full amount). If you would like to establish a charitable gift annuity, You receive a guaranteed periodic income that is Two Life: Successive (initial donor receives pay- please contact the Episcopal Church Foundation toll- not affected by the fluctuations of the marketplace. ments for lifetime until death when second named free at 800-697-2858 or visit our website at You receive a portion of your annuity income free annuitant, if survivor, receives payments). www.EpiscopalFoundation.org. of federal income taxes. Income from the annuity can be paid immediately ECF can provide a customized illustration showing You generally are able to prorate any capital or can be deferred until a later time. When it is your expected income tax deductions and projected gains taxes over the expected life of the annuity deferred, it is called a Deferred Payment Gift income based on the size of your gift and the age(s) of payments. Annuity and can be an effective retirement tool. the beneficiary(ies).

You are free from concern about money You have the satisfaction of knowing that your gift management. can benefit your local church, your diocese, nation- al and international mission work of the Episcopal Church, Episcopal schools, Episcopal charities, or An example… FEATURES… any agency or organization affiliated with the Episcopal Church at the time of your death. Sara, age 75, has considerable savings. She seeks to increase The minimum amount required to establish a her income, reduce taxes, and do something substantial for You cannot add to a charitable gift annuity, but charitable gift annuity through the Episcopal the parish’s endowment program. you can establish additional annuity agreements Church Foundation is $5,000. at any time. After discussion with a representative of the church and her The minimum age to receive income is 55. own financial advisor, she decides to contribute $10,000 The annuity is an irrevocable agreement. through a charitable gift annuity. The expected annuity rate depends upon whether one or two people will receive income from the Her advantages are multiple: gift and upon the age of the recipient(s). For She guarantees income, generally larger than a savings example, the guaranteed rate is higher for a 75- account, for the rest of her life. year-old donor than for a 60-year-old donor. The annuity rate is based on those recommended by She receives a one-time tax deduction based on the gift the American Council on Gift Annuities "For where your treasure is, portion of her annuity. Three different types of annuity agreements are: there your heart will be also." A significant portion of subsequent income is free of income taxes. Single Life (one person receives payments during —Luke 12:34 his or her lifetime). She has the satisfaction of knowing her gift will under- write ministries for generations to come.