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Scott Thomas, ChFC®, CAP®, CKA®, RICP®

What Is a Charitable Gift Annuity and Is It Right for Me?

It's common for people to leave a substantial amount of money to a charity upon their death. But why wait until you're gone to give to your favorite charities and nonprofits? Instead, by using a Reinsured Charitable Gift Annuity program, you can make a secure donation that has many tax advantages over the course of your lifetime.

It's the gift that gives back!

Here's how it works:

Perhaps you have financial products like CDs, MM, annuity, mutual funds, stocks or real estate.

Reinsured Charitable Gift Annuity (CGA) offers you a secure and tax advantaged lifetime income option. When you donate, you will receive money each year based on a percentage of your donation.

For instance, let's say you're 65 years old and you donate $100,000 to a charity. If the CGA percentage is 6%, you will immediately begin receiving $6,000 per year. Another great thing about this option is that the yearly payments represent principal and interest, so only part of it is taxable.

Read my latest blog post about how a Reinsured CGA program can benefit donors and nonprofits over a Traditional program.

Learn More About Participating in a Reinsured CGA Program

It is possible to make a significant gift and get income for life or joint life—all while lessening the tax impact—if you gifted appreciated assets like stocks and real estate.

Imagine getting to fund today one or many charities of your choosing. You choose when and how much you give. You also have the option to anonymously give while still getting tax breaks.

To learn more about this unique program that has been around more than 100 years to help nonprofits and individuals thrive, call me (Scott Thomas) at 407-644-9411.

You can also download my free online tool, Stewardship. It's full of valuable resources to help you choose the right CGA for you.

It not only explains CGAs for you, but it also contains a CGA calculator and lists various CGA rates.

Click here to download the tool and get started!

 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck