Gift Planning
Charitable Gift Annuity
A Charitable Gift Annuity is a simple agreement between you and Graceland that pays you and or another beneficiary a fixed annual income (in quarterly installments) for life. Part of your income may be tax-free, increasing the overall return to you, or taxed at the more favorable capital gains rate. Your annuity income payments are backed by the assets of Graceland University.With an immediate payment annuity, your quarterly income payments begin right away. You may arrange for your payments to be received by check or direct deposit.
With a deferred gift annuity, your income payments begin at a future date that you specify. Because payments are deferred, you receive a higher annual income, which may be used as a source of guaranteed retirement income.
The flexible deferred annuity allows those who have contributed the maximum allowed to their IRA or qualified retirement plan to accumulate still more to assure a high quality of life in later years. This plan allows you flexibility in determining when you want payments to start.
How you save taxes
How you can establish your own gift annuity
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