Charitable Gift Annuities provide an attractive way to support the Seminary financially. Governed by a formal agreement established at the time of the gift, they are a secure investment backed by the full faith and credit of our institution.

Benefits to the donor include:

  • fixed income for life, some of which is tax-free during the period of the donor's life expectancy

  • reduced capital gain impact when funded with appreciated securities held longer than one year

  • may provide for a spouse or other beneficiary

  • payments made quarterly or at other intervals convenient to the donor

  • an income tax charitable deduction in the year of the gift, with carryover privileges for up to five additional years

  • freedom from management and investment responsibilities

  • estate tax savings

  • avoidance of probate and estate administration expenses

  • an invitation to become a member of the Legacy Society

The rate of return is based on the donor's age at the time of the gift. Current rates for a one-life annuity appear below. If a beneficiary is provided for as well, the rate of return will be lower, depending on the age of the beneficiary.

Age

Rate

 

Age

Rate

 

Age

Rate

60

5.2%

 

75

6.4%

 

90

9.5%

65

5.5%

 

80

7.2%

 

70

5.8%

 

85

8.1%

 

Seminary policy requires that all donors  and beneficiaries be at least sixty (60) years of age. A gift of ten thousand dollars ($10,000) or more is also required. Go to our online calculator  to see how this works.

For more detailed information about Charitable Gift Annuities or any other life income plan offered by the Seminary, please contact the  Director of Planned Giving, Lisa Titus.