The Charitable Gift Annuity | The Institute for Creation Research
 
The Charitable Gift Annuity
 

Part of our responsibility as "Stewards" (I Corinthians 4:2) is to be faithful with the financial assets that the Lord has allowed us to use. Normally, the more secure an instrument is, the lower the return; but to get a higher yield, the trade-off is usually higher risk. One privilege available to us that enables us to increase return and maintain security is the Charitable Gift Annuity. Fortunately we live in a country that encourages charitable giving.

This flexible Gift Annuity is very attractive:

  • A guaranteed, nonfluctuating income for life.
  • Usually, a greater return than is currently available on savings or securities.
  • Substantial income tax savings.
  • Possible savings on capital gains taxes and gift and estate taxes.
  • The option of having another beneficiary receive the annuity for life as your survivor.
  • The pleasure of knowing that your gift will ultimately serve and benefit the Lord's Kingdom.

Here's a recent example: a retired couple (he is 78 and she is 75) had 0,000 in a low interest security. By purchasing a two-life Gift Annuity with ICR, they will receive ,800 annually (considerably more than current interest rates) for the remainder of both of their lives. ,350 of that is tax free each year, and they qualify for a ,856 charitable deduction for 2002. The expected dollar payout to the couple will likely exceed the 0,000—not including savings from the tax deduction and the on-going tax free income portion.

They are pleased with the increase in income and delighted that they can assist ICR in the process. This way we are both able to "serve one another" as required by the Lord (Galatians 5:13).

Cite this article: Henry M. Morris III, D.Min. 2002. The Charitable Gift Annuity. Acts & Facts. 31 (9).

The Latest
NEWS
Mutation, Design & Randomness
Article highlights: • A genetic mutation is a change—most are bad and some are good. • Evolutionists claim that good mutations come...

NEWS
Ireland’s First Dinosaur Bones Found in Flood Rocks
Ireland finally has some dinosaur fossils of its own.1 The ground-breaking discovery came as a bit of a surprise, however, as the bones were...

NEWS
Control Loops in Humans and Nature
Ever had a blood test? Along with a value measured, there are also the normal max/min limits for that value. This implies that the body normally controls...

NEWS
Creation and Climate Science with Dr. Jake Hebert
ICR physicist Dr. Jake Hebert* recently made a guest appearance on Good Heavens! A Podcast About the Universe with Wayne and Dan. Dr. Hebert presented...

NEWS
Inside May 2021 Acts & Facts
How should Christians respond when authorities are in conflict with God’s Word? Can we trust scientific measurements and reports about fossil...

ACTS & FACTS
Creation Kids: Volcanoes
Christy Hardy and Susan Windsor* You’re never too young to be a creation scientist! Kids, discover fun facts about God’s creation with...

ACTS & FACTS
Tributes of Honor and Remembrance
At the end of a long day, a boss I had early in my career would often tell me, “No more today, Henry. My brain is full.” I found his comments...

APOLOGETICS
Guided by Lynx to Appreciate Christ
Not all tour guides in Alaska are human. Amazing animals of Alaska can guide us into learning creation truth. In fact, such animals should direct us—like...

ACTS & FACTS
Zion National Park: Evidence of Deep Water Sand Waves
Brian Thomas, Ph.D., and Tim Clarey, Ph.D.* It was like driving into another world when we emerged from Zion-Mount Carmel Tunnel right at dawn....

ACTS & FACTS
Is the Bible Evidence for Creation?
Have you ever had a skeptic tell you to keep the Bible out of it when discussing origins? Skeptics claim we Christians argue in a circle, that we are...