Charitable Gift Annuities
Supporting Moravian through life-income gifts can be mutually rewarding.
Life-income gifts help you provide meaningful support to Moravian University and Theological Seminary and Lancaster Theological Seminary while providing you with income for life (or a specified period of years) and leaving the remainder to Moravian for the purpose you choose.
There are several options for giving a charitable gift that pays you income. One of the most popular (and one that does not require an attorney), is a Charitable Gift Annuity (CGA). A CGA is a simple contract between you and Moravian. You can fund a CGA with cash, transfer appreciated stock that isn't paying a dividend, or convert another underperforming asset like a savings account, money market fund, or CD bearing little or no interest. You'll receive payments for life and a tax deduction for the year that you give the gift.
There's a CGA option for everyone. If you're still working, you can fund an annuity today and schedule to receive payments when you plan to retire. If you're nearing retirement or already retired, you have the option of deferring your payments a bit longer or receiving them right away.
Immediate Gift Annuity
You can give your gift, take a deduction, and begin receiving annuity payments right away. This option is available for supporters who are age 65 or older.
Deferred Gift Annuity
Take an immediate deduction and defer payments for retirement. This method is usually advantageous for younger donors. Deferment allows for larger and less-taxed payments.
Flexible Gift Annuity
This is like a deferred gift annuity, with a donor-directed option to delay the payments. The longer you wait to receive payments, the higher the payout rate and the larger your income payments will be.
IRA > CGA Option
CAA 2023 allows for a one-time distribution to create a life-income gift, most commonly a CGA, and charitable remainder unitrusts or annuity trusts. This new type of Qualified Charitable Distribution is a one-time maximum transfer of $54,000 to a qualified Charitable Remainder Trust or in exchange with a charity for a CGA *Important terms and conditions apply. Please contact our office or your financial advisor.