As you consider your year-end gifts, you may need to consider a gift that can produce income. If this option interests you, consider a charitable gift annuity or charitable remainder unitrust.
A charitable gift annuity or charitable remainder unitrust can provide you with increased income, a charitable deduction, and avoidance of capital gains tax if the gift is in the form of appreciated stock.
Benefits of a charitable gift annuity
Receive fixed payments to you or another annuitant you designate for life
Receive a charitable income tax deduction for the charitable gift portion of the annuity
Benefit from payments that may be partially tax-free
Further the charitable work of Baptist Children's Homes with your gift
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to support Baptist Children's Homes of North Carolina.
You transfer cash or property to Baptist Children's Homes of North Carolina.
In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
You will receive a charitable income tax deduction for the gift portion of the annuity.
You also receive satisfaction, knowing that you will be helping further our mission.
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.
For more details on this gift opportunity, please call Brenda Gray at 336-689-4442.