Gift Annuities

Gift Annuities are a great financial provision for older persons.

Gift Annuities Provide High Income for Life, Tax Advantages, and Eventually, Support for God´s Work.

Many older Christians want to give a portion of their estate to the Lord´s work, but they prefer giving it while they´re still living. And since they don´t know what the future holds, they need to have income to live on until they go to be with the Lord.

The Gift Annuity answers their need.

When Christian Aid receives your annuity gift, we don't spend the money. The full amount is invested within the Annuity Trust Fund to earn income and provide payments to you. Only when you depart this life and go to be with the Lord will the remaining balance be used for missionary work overseas.

How Gift Annuities work.

First, you request an Annuity Application Form from Christian Aid. Then you send a gift (cash, mutual funds, or listed securities) of $5,000 or more to Christian Aid, together with the Application Form. Our staff will send you an Annuity Agreement along with a Gift Annuity Certificate which guarantees payments to you for the rest of your life. The rate of the payments is based on your age at the time of your gift. The older you are, the larger your payments. They may be sent annually, quarterly, or even monthly, except that no payments can be made for amounts less than $200, except annually.

How much is tax deductible?

You may claim a tax deduction for the current year (up to 30% of your total gift) and a percentage of your annual payments are free of income taxes for several years. These amounts are derived by our accountant from figures provided by the Internal Revenue Service for non-profit organizations.

Are there different kinds of annuities?

Yes. There is the Single Life, with one person only named in the agreement. The rate of payment is based on the person's age. Then there is the Joint (Survivorship) Annuity in which two persons receive payments jointly. Rates are somewhat less, based largely on the age of the younger person. When one passes on, the survivor continues to receive full payment for life.

Are there limits on the amount I can contribute?

Yes, First, you must be at least 65 years of age. Second, the minimum gift is $5,000. Each annuity must be at least that much. But there is no maximum limit as to the amount. Several couples have given over $200,000 to Christian Aid as gift annuties. Some have found that when they sold their home, the tax deduction from an annuity gift served to offset capital gains tax on the sale of the house.

What about safety and security?

Christian Aid is responsible and conservative in financial matters. The Mission has no debt or mortgages on its properties. It has received a total amount of more than $4,000,000 for 335 annuities by persons still living, and Christian Aid still holds over $4,000,000 of those gifts in the Annuity Trust Fund. That fund is used exclusively to provide annual payments for annuitants. When one of them departs this life, the remaining balance of his or her annuity gift can be used for pioneer missionary work among unreached people.

Write or call 1-800-977-5650, or email to request an application form.

As soon as your application and gift are received by Christian Aid, the Gift Annuity Agreement and Certificate will be sent to you. Payments are guaranteed to you for the rest of your life. During the past 40 years, Christian Aid has never failed to make every annuity payment in full and on time.