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Gift Annuity

Lamplighter Charitable Gift Annuity Program

In light of a faltering economy, Lamplighter is pleased to announce the Lamplighter Charitable Gift Annuity Program (LCGP)that offers guaranteed interest rates above most of the current market rates—for life. By contributing to our LCGA, you will receive guaranteed annual income based on a fixed rate for the rest of your life. You will also be able to enjoy the benefit of having most of your earned income tax free. The beauty and genius of this program also allows Lamplighter to be blessed with a gift after you have passed away. There are not many programs that you will find today, that generate this amount of income with these benefits. For more information contact Cheryl toll free 1-888-246-7735.

“Do not toil to acquire wealth; be discerning enough to desist. When your eyes light on it, it is gone, for suddenly it sprouts wings, flying like an eagle toward heaven.”
Proverbs 23:4,5

 

What is a Charitable Gift Annuity?

A Charitable Gift Annuity (CGA) is one of the easiest forms of planned-giving.  A CGA is a life income gift of 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 Lamplighter Ministries, call Cheryl at 1-888-246-7735.

One Person’s Age
Gift Annuity Rate
60
5.5%
70
6.1%
80
7.6%
90
10.5%
Two People’s Ages
Gift Annuity Rate
70 and 70
5.6%
80 and 80
6.6%
90 and 90
8.7%

 

Example:
Bob Johnson is 75 years old. He purchases a $10,000 gift annuity with Lamplighter. He wil receieve an immediate income tax deduction of $4,433 that he will be able to deduct from this year’s income tax. He will receive $710 a year, for the remainder of his life, of which 63.2% ($448.72) is tax-free.