Charitable Gift Annuity
A Charitable Gift Annuity (CGA) is a great way to make a gift to The Alliance–while at the same time create an additional steady income stream for life. Because of their easy set-up and attractive rates, CGAs continue to be one of our most popular donor-giving tools.
Benefits of a charitable gift annuity
- Great rates–based on your age at the time your gift annuity is funded
- Income stream for one (or two) lifetimes.
- Immediate (partial) tax deduction and potentially tax-free income for years.
- Deferred and possibly avoided capital gains tax for gifts of appreciated securities.
- Increase gospel access through The Alliance with your gift.
Options of a charitable gift annuity
There are excellent options for establishing a CGA:
- Single-Life. Pays a fixed amount for the lifetime of one person.
- Two-Life. Pays a fixed amount for the lifetime of two people.
- Immediate (Single- or Two-Life). For current income, you may begin receiving a fixed income as early as this year in exchange for your gift.
- Deferred (Single- or Two-Life). If you desire to begin receiving income at a fixed date in the future, you may establish the gift annuity and take your charitable deduction now, then plan to receive payments beginning at a designated future. Anyone over the age of 55 is eligible to establish a Deferred CGA. Payments must be deferred until after the annuitant(s) reaches a minimum age of 65.
How a charitable gift annuity works
If you are 65 or older, you simply make a gift of $10,000 or more in cash or securities in exchange for a non-revocable gift annuity agreement. The payment rate you receive is based on your age(s) at the time you make the gift. You will receive a tax deduction, and part of your income may be tax-free. Upon your death, the amount remaining in your CGA will then be given to continue providing unreached people gospel access through The Alliance.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.
How do I get started
- Read the appropriate disclosure statement for the state where you are located:
- Complete the Charitable Gift Annuity Application and fax it to (719)323-6218 or mail it to Orchard Alliance at: 8595 Explorer Dr., Colorado Springs, CO 80920. Due to privacy and security concerns, please do not email your application.
- Mail a check to Orchard Alliance for your initial contribution or call toll free (833)672-4255 for instructions to transfer securities.
Contact us
If you have any questions about charitable gift annuities, please contact us. We would be happy to assist you and answer your questions.
CGAs are issued by Orchard Alliance or as agent for The Christian and Missionary Alliance (The C&MA). The C&MA only issues annuities in the states of NY, NJ and CA; Orchard Alliance issues annuities in all other states except Hawaii. Orchard Alliance or The C&MA, respectively, is responsible for and liable for the CGAs that are issued in their individual names.
Please let us know.