Summit Ministries

A charitable gift annuities arrangement is an irrevocable contract between an organization and a donor(s).

In exchange for your gift (typically cash or securities of $5,000 or greater), an organization agrees to pay one or two annuitant(s) a fixed payment each year for life. Payments are made in annual, semi-annual or quarterly installments. Upon the annuitant's death, the remaining balance goes to the charity.

Benefits of charitable gift annuities with Summit Ministries include:

• A fixed income for life
• Security: Your gift investment is backed and professionally managed
• Tax savings: You receive an immediate charitable income tax deduction in the year you enroll in the program (assuming you qualify). Plus, a significant portion of each income payment may be tax-free. In addition, if you fund your annuity with an appreciated asset, your capital gain tax will be reduced.

If you are interested in a charitable gift annuities programs, please contact us to discuss the details.