Where There Is a Will, There Is a CGA

Without a doubt, the remarkable economic upheaval that began some years ago has impacted the entire financial spectrum. Dubbed the "Great Recession" by some economists, this prolonged period of economic uncertainty continues to involve high unemployment, languishing home values, and unprecedented volatility in the stock market. With worries over rising debt in European markets, it appears the global financial landscape has been drastically, if not permanently, changed.

It is easy to succumb to a pessimistic attitude during times such as these. Yet it is wrong to worry, for "your Father knoweth what things ye have need of, before ye ask him" (Matthew 6:8) and promises to "supply all your need according to his riches in glory by Christ Jesus" (Philippians 4:19). What a comforting assurance from the Creator Himself, who owns everything under heaven and on earth!

Many believers may be reluctant to support the work of the Kingdom out of fear they will not have enough to outlast the current downturn. But attractive options still exist in such an environment for those who desire to support ICR in some way. Please prayerfully consider the following possibilities.

Charitable Gift Annuities

As financial markets decline, investors typically turn to sources of guaranteed income like Certificates of Deposit (CDs). But with rates currently below three percent, CDs are not an attractive option. A much better alternative, especially for senior donors seeking a secure return and guaranteed income, can be found in Charitable Gift Annuities (CGAs).

CGAs provide several benefits that CDs simply cannot match, like guaranteed annual income for the donor's lifetime and partial tax deductions in exchange for the gift. In addition, the American Council of Gift Annuities recently authorized increases in CGA rates, which is welcome news for donors who desire to support ICR but still need a source of income.

CGA rates vary by age, so ICR would be happy to design a customized proposal for you. Contact us with your name, state of residence (certain states are excluded), birth date, and the gift amount you are considering (5,000 [USD] minimum), and we will be delighted to do the rest. Or visit the Planned Giving section of icr.org/give to design your own plan for consideration.

Wills

Without a valid will in place, the resources God has granted us in life may not be distributed appropriately after we have gone home to heaven. State laws allow the courts to decide who will administer your estate, who will be the guardian to your minor children, and may deplete your estate with expenses that can be minimized through a well-planned will. And no bequests of any kind will be made--to your friends, to your church, or to charities that are dear to your heart.

ICR can help with samples of well-written wills and information on proper will preparation. Most wills can be prepared relatively inexpensively by a knowledgeable attorney, and ICR would be happy to recommend one in your local area. And should you desire to support ICR in some way, it is easy to include a simple bequest that ensures a portion of your remaining resources are shared with our ministry. We promise to apply it prayerfully and carefully for the eternal work of the Kingdom.

* Mr. Morris is Director of Donor Relations at the Institute for Creation Research.

Cite this article: Morris IV, H. 2010. Where There Is a Will, There Is a CGA. Acts & Facts. 39 (8): 22.

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