Planned Giving

Charitable Gift Annuity

A charitable gift annuity is a simple agreement between you and the Academy of the New Church Secondary Schools (ANCSS), Bryn Athyn College of the New Church (BAC) and the General Church of the New Jerusalem (GC). In exchange for a gift of cash or appreciated assets, you receive fixed payments for life.

How It Works

  • You transfer cash or securities to the Academy of the New Church Secondary Schools (ANCSS), Bryn Athyn College of the New Church (BAC) and the General Church of the New Jerusalem (GC). Our minimum gift requirement is $10,000.
  • ANCSS, BAC, GC pays you, yourself and a spouse, or any two beneficiaries you name, fixed payments for life.
  • Beneficiaries are recommended to be at least 65 years of age at the time of the gift.
  • The remaining balance passes to ANCSS, BAC, GC when the contract ends.
  • You can also create a life income gift through your IRA. Discover more here.

Benefits

  • Receive more income for your money because of higher rates.
  • Receive dependable cash-flow for life, regardless of fluctuations in the market.
  • In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free for a number of years.

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