Charitable Gift Annuity
A gift that can provide payments for life and support the Great Commission.
A charitable gift annuity is a giving arrangement between you and Cru Foundation. You make a gift of cash, appreciated securities, precious metals or a one-time qualified charitable distribution from an IRA. In return, Cru Foundation makes fixed quarterly payments to you for life. When those payments end, the remaining amount supports the Cru ministries and missionaries you have chosen.
For many Christian donors, a charitable gift annuity can be a thoughtful way to care for income needs while also making a meaningful gift to advance gospel work.
Income for Life. Gospel Impact for Years to Come.
A charitable gift annuity can help you give generously while receiving fixed payments for life.
Many donors reach a point where generosity and income planning need to be considered together. They want to support the ministries and missionaries they care about, but they also want to steward their resources wisely for the years ahead.
A charitable gift annuity can help hold those two concerns together. You make a gift to Cru Foundation, and Cru Foundation makes fixed quarterly payments to you for life. The payment amount is set when the charitable gift annuity is established and is not tied to market performance.
When the annuity period ends, the remaining amount goes to the Cru ministries and missionaries you named at the beginning. In that way, a charitable gift annuity can help provide income during life while allowing your generosity to continue supporting gospel work beyond the payment period.
Explanation of Benefits
Potential income tax deduction
A portion of your gift may qualify for an income tax deduction. The deductible amount is based on several factors, including your age, the type of asset used and federal rates in effect at the time of the gift. Cru Foundation can prepare a personalized illustration to help you review the potential charitable deduction with your professional advisor.
Charitable gift annuity payout rates
The payout rate for a charitable gift annuity is generally based on the age of the person or people receiving payments. In many cases, the payout rate is higher for older donors. A personalized CGA illustration can help you see how the payout rate may apply to your situation.
Designate your gift
You may name the Cru ministries or missionaries you want to support when the annuity period ends. This allows your gift to reflect the ministry relationships and kingdom priorities that matter to you.
Flexible payment options
Payments may be made for the lifetime of one person or two people. Some donors also consider deferring payments until a later date, depending on their income needs and stewardship goals.
A charitable gift annuity may fit donors in a particular season of life.
The donors who find a CGA most useful are usually in their 60s, 70s, or 80s. They have spent years building and stewarding resources, and they are now asking: How can these resources support both the years ahead and the ministry work God has placed on my heart?
A few signs a CGA might be a good fit:
- You are in or near retirement and want to review giving options that may also provide income.
- You have a specific Cru ministry, missionary, or region in mind. This is not a generic gift to a generic cause. The donors who do this well have someone or something particular they are funding.
- You are giving now, not later. A CGA is a present-tense gift that pays you back. If your plan is to give through your estate, a bequest or a charitable trust may fit better.
- You are comfortable making the decision once. Once a CGA is established, it cannot be undone. That is a feature for some donors and a deal-breaker for others.
If three of those four describe where you are, a conversation is worth having.
What Cru Foundation does from the first conversation through the life of the gift.
Start with the situation, not the structure
Before preparing an illustration, we listen. What ministry do you hope to support? What income needs should be considered? Who else may be affected by the decision? Those questions help clarify whether a charitable gift annuity is a helpful option to explore.
Run a personalized illustration
Charitable gift annuity payout rates depend on your age and the structure you choose. Cru Foundation can prepare a personalized illustration showing the payment amount, the potential charitable deduction and the ministry designation you have in mind. This gives you something clear to review before making a decision.
Stay with you for the life of the gift
A charitable gift annuity is not a one-time transaction. Our team remains available after the gift is established, whether you have a question about payments, records or the ministry designation connected to your gift.
Linda's Story
Linda’s generosity will make an eternal kingdom impact through the Jesus Film Project. And the annuity ensures Linda of an income for life, too. Like Linda, you can establish a charitable gift annuity that supports the work of Cru missionaries and ministries closest to your heart.
How It Works
To get started, you can contact our team to request a Charitable Gift Annuity illustration. Once you’ve decided on the gift, here is an overview of how it works:
Complete the CGA application and establish the CGA with a donation of $5,000 or more
Receive fixed lifetime payments on a quarterly schedule for the lifetimes of up to 2 people.
After all payments have been made, your gift accelerates gospel work through your favorite Cru ministries and missionaries!
Annuity Payments
Payments are fixed for life and can be made to you, your spouse and/or a loved one. The amount of each payment will depend on the age of the person(s) who receives them.
We live in an uncertain world, but with a CGA, there are two things you can count on. Your investment will share the gospel through Cru, AND you will receive regular income at a fixed rate no matter the condition of the stock market. And over Cru Foundation’s 50 years of existence, we have never missed a payment.
