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Charitable Gift Annuity

A charitable gift annuity is a planned giving tool that allows you to make a gift while at the same time receiving a constant stream of income for life.

Charitable Gift Annuity
Stock or Cash
Gift Annuity
Donor
UMFWV
Charity image

Benefits of a charitable gift annuity

  • Support the work of your church or other ministry through a gift to United Methodist Foundation of West Virginia
  • Receive fixed payments to you or you and another annuitant 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

How a charitable gift annuity works

A charitable gift annuity is a way to create a legacy to support ministry.

  1. You transfer cash or property to United Methodist Foundation of West Virginia.
  2. 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.
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.

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.

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.

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