A Charitable Gift Annuity (CGA) is one of the easiest forms of planned-giving. A CGA is a life income gift, of either cash, securities or real estate, between you and a charity. In exchange for the gift to the charity, you, or a beneficiary, are promised a specified lifetime income, which is equal to a fixed percentage of the original gift. This percentage is dependent upon the age of the beneficiary, the rate of return the charity expects to earn, the amount of the gift and whether the payments will begin immediately, or be deferred until a later time. If you are married, the life income can be shared as a full joint-and-survivor option to you and your spouse. At the death of the last surviving beneficiary, the charity will use any remaining annuity assets to support its ministry.
In addition, there are several tax benefits to using a CGA. Regardless of your age or when income payments begin, you can deduct a portion of the gift in the year in which you gave it. Further, a portion of the income payments you receive each year may also be exempt from certain income taxes. Finally, if you donate long-term appreciated securities, you may even be able to reduce your capital gains tax.
As you can see, both you and your favorite ministry can benefit from a gift like this. If you would like to learn more about starting a Charitable Gift Annuity for Cornerstone Pregnancy Care Services, call our Executive Director,
and so your gift can keep on giving.
What if CPCS earned a penny every time you searched the Internet? Or how about if a percentage of every purchase you made online went to support our cause? Well, now it can! GoodSearch.com is a new Yahoo-powered search engine that donates half its advertising revenue, about a penny per search, to the charities its users designate. Use it just as you would any search engine, get quality search results from Yahoo, and watch the donations add up! GoodShop.com is a new online shopping mall which donates up to 37 percent of each purchase to your favorite cause! Hundreds of great stores including Amazon, Target, Gap, Best Buy, ebay, Macy's and Barnes & Noble have teamed up with GoodShop and every time you place an order, you’ll be supporting your favorite cause. Just go to goodsearch and be sure to enter Cornerstone Pregnancy Care Services as the charity you want to support. And, be sure to spread the word!