The flexible gift annuity offers fixed payments to your donors for life, but many of your best prospects have never heard of this version of the ever-popular gift annuity. A charitable gift annuity is easy to establish, affordable, and donors like the advantages, especially the receipt of predictable, regular annuity payments.
But a special group of your donors don’t need the immediate income they associate with a gift annuity. Since they’re still working or are getting sufficient income from current investments right now, they may be planning to put off funding a gift annuity until they are much older.
With a deferred gift annuity, they can lock in the future date when they want their payments to start. But what if they don’t know when that will be? Do you have a gift plan to offer your pre-retirement donors, even if they don’t know when they’ll retire? Do you have an option for donors who might need an income and tax deduction plan for when they turn 70 ½ and have to begin taking their Minimum Required Distribution?
Absolutely, and it is called a flexible charitable gift annuity. This brochure explains how donors can create them now and defer the start of payments until a date they can choose later. It’s a great twist on this popular gift. Target this brochure to your younger Baby Boomers and Generation X donors – those five or more years this side of retirement.
How this document is organized:
- Introduction: Is there a charitable gift plan that can make payments in the future, and give me the option to decide start receiving payments when I’m certain about my retirement date? Absolutely…
- Start Receiving Payments When You Know You’re Ready to Retire
- You Can Choose a Range of Possible Retirement Dates
- Good Reasons to Consider This as Part of Your Retirement Planning