Planned Giving

Charitable Gift Annuity

CGA Diagram

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 suggested gift requirement is $10,000.
  • ANCSS, BAC, GC pays you, yourself and a spouse, or any two beneficiaries you name, fixed payment 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.

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.
  • Are you a younger donor? Consider a deferred gift annuity.


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