Did you realize that you can increase your income through a creative giving tool called a Charitable Gift Annuity?
A Charitable Gift Annuity pays you an income for life (or the lives of you and your spouse). The rate of return is based on your age at the time of your gift. (See sample rates to the left)
* Rates are determined by the American Council on Gift Annuities (effective through July 1, 2010)
You receive a charitable deduction for a portion of the gift when you make the gift. Additionally, a portion of the income comes back to you tax-free. After your lifetime, the remainder of the gift goes to Grace Bible College (or any other charities you select).
A Charitable Gift Annuity offers several benefits, including:
• Increased Income
• Tax Deduction
• Annual Payments (partially tax-free)
• Increased Ministry Impact
• Legacy for Future Generations
For more information, ask for a FREE copy of “Questions & Answers about the Gift that Gives Back” by contacting Steve Hilbrands from Grace Bible College at 616-538-2330 or Steve Hilbrands.
This is general information and is not intended to be tax or legal advice. Please consult your own advisors.
This sample illustration is for illustration purposes only. Please consult your own advisors or West Michigan Christian Foundation.
