Legacy Building Articles
Charitable Gift Annuities
With interest rates at historic lows, even many CDs and securities are generating little income.
But there is good news!
You can turn these low-interest assets into high-interest, high-impact assets by establishing a charitable gift annuity (CGA). A CGA is an agreement between you and Wycliffe Foundation. In exchange for your gift of an asset valued at $10,000 or more, we will provide you with lifetime income, a charitable tax deduction, and the opportunity to impact the work of Bible translation. Here is a diagram showing how a CGA works:
Benefits of a Charitable Gift Annuity
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Ensure lifetime income for one or two people
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Reduce capital gains on appreciated assets
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Impact Bible translation and help change lives for eternity
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Receive a current-tax-year charitable deduction
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Benefit from partial tax-free income
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Provide income for elderly parents or other loved ones
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Enjoy peace of mind for you and your loved ones
For more information and a personalized illustration, contact Wycliffe Foundation toll-free at 877-493-3600.
