A Charitable Gift Annuity (CGA)
is a way to …
- find financial stability in a volatile market
- free up non-liquid investments changing them into monthly cash flow to you the donor
- move your wealth away from exposure to Estate taxes
- create a charitable tax deduction with surprising benefits
- provide support to a philanthropic charitable cause without writing another check
Assets such as appreciated stock, IRA’s, real estate can be donated. If they’re not creating cash flow for you then a CGA may be the solution for you.
Never heard of a CGA? They’re not new!
The first known CGA was in 1831 when John Trumbull , a renown artist of American Revolution scenery, donated a selection of his artwork to Yale in exchange for cash annuity payments to him from Yale.
How Secure is a CGA?
CGA’s are as secure as either the charity issuing the CGA and/or the assets that back them up. Most importantly, income producing asset that backs up and creates the ongoing funds to pay the annuitant should be safe-guarded and secured for the donor.
Grace Ministries backs up 100% of its CGA’s by reinsuring them with A+ rated Commercial Insurance companies.