Deferred Gift Annuity

Deferred Gift Annuity

A Deferred Gift Annuity can be a wonderful investment option for a younger donor still in high-earnings years, while still saving for retirement and trying to lower taxable income. A deferred charitable gift annuity provides fixed payments to you and/or another beneficiary for life in exchange for your gift of cash or securities. The payments start one year after the start date of your gift. 

Many donors establish a series of Deferred Gift Annuities over several years, using funds they had already set aside for retirement saving. They set the commencement date for payments from these annuities to coincide with their or their spouse’s retirement. The safety and security of payments won’t fluctuate during your lifetime.

Two features make the Deferred Gift Annuity quite attractive to donors in high-earnings years who are concerned about securing current tax deductions and additional sources of retirement cash flow.

Josh McDowell Ministry can offer a higher guaranteed payments rate for these annuities than for annuities with payments that start immediately, and
You may receive a larger charitable income tax deduction than you could get from any other life-income gift plan.

Starting Steps:

  • You transfer cash or securities to Josh McDowell Ministry. Our suggested minimum gift is $25,000.
  • Starting on a specified date in the future, Josh McDowell Ministry begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • Generally, Deferred Gift Annuities may be created by donors of any age. However, a beneficiary must be at least 40 years of age before deferred gift annuity payments begin.
  • The remaining balance passes to Josh McDowell Ministry when the contract ends.

The deferral of payments permits a higher annuity rate and generates a larger charitable deduction. And you can schedule your annuity payments to begin when you need extra cash flow, such as retirement years. Payments are guaranteed and fixed, regardless of fluctuations in the market. The longer you elect to defer payments, the higher your payment will be.

You avoid all up-front capital gains taxes. If you fund your Deferred Gift Annuity with appreciated securities, only a portion of your gain is recognized, with the tax spread over your annuity payments. And part of each annuity payment to you is tax free.

Josh McDowell

Founder

JMM Development Team

Shelley Komoszewski

Director of Advancement

Bill Daly

Senior Ministry Representative

Mark A. Brown

Senior Ministry Representative

plannedgiving@josh.org
469 722 1419

Donate Today

Checks can be mailed to:
Josh McDowell Ministry
2001 W. Plano Parkway
Suite 2400
Plano TX 75075

Josh McDowell Ministry is a ministry of Cru (formerly, Campus Crusade for Christ, Inc.), a California non-profit corporation (tax identification # 95-6006173), located at 100 Lake Hart Drive, Orlando, Florida 32832.

DISCLAIMER
The purpose of this website is to provide general gift, estate, and financial planning information. Watch for tax revisions. State laws govern will, trusts, and charitable gifts made in a contractual agreement. Advice from legal counsel should be sought when considering these types of gifts.

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