Charitable Gift annuity

Details

If you’re looking for ways to support Snowbird, a charitable gift annuity may be a great choice. Cash gifts are always appreciated, but this type of gift allows you to make a difference while also reaping benefits for yourself and your loved ones. 

What is a charitable gift annuity?

A charitable gift annuity is an arrangement that involves giving assets to charity in exchange for a stream of income payments. You may give cash, stocks or mutual funds to a charity that you value, and in return, you receive a lifelong stream of income. At your death, the charity receives any remaining assets, which can be used to fund the charity’s mission. There are numerous variations on the theme, and you can add complexity or customize the strategy according to any legal limitations.

How a Charitable Gift Annuity Works

A charitable gift annuity is a contract between you and Snowbird Wilderness Outfitters.

  1. You transfer cash or property to Snowbird.
  2. In exchange, we sign an annuity contract and 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.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.
  4. More Students, families, and churches get equipped to impact this generation with Gospel message of Jesus Christ.

Benefits

Charitable giving may provide tax deductions, help manage capital gains taxes, and potentially save you money by simplifying your estate.

You might want to maximize during your lifetime. But, if you give too much, you could limit your remaining income for retirement. On the other hand, if you leave money to a charity only at your death, you won’t receive any potential tax benefits today.

  • Charitable gift annuities can help you save on taxes
  • Charitable gift annuities can help manage capital gains taxes
  • Charitable gift annuities can help with estate planning

Thrivent Financial

As you explore your planned giving options, you should meet with a financial advisor who can help you weigh the pros and cons of different approaches. If you don’t already have an advisor, we often connect legacy donors with the team at Thrivent to discuss their wisest options. With a clear picture of your finances (and the broad range of solutions available), you’ll be well-positioned to make an informed decision.

Thrivent is a holistic financial service organization that provides financial advice, investments, insurance, banking and generosity programs to help clients make the most of resources they’ve been given.