Charitable Gift Annuity

You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.

Stock or Cash

Gift Annuity

Donor

Covenant

Benefits of a charitable gift annuity

Receive fixed payments to you or another annuitant you designate for life
Receive a charitable income tax deduction for the charitable gift portion of the annuity
Benefit from payments that may be partially tax-free
Further the charitable work of Covenant College Foundation with your gift

How a charitable gift annuity works

A charitable gift annuity is a way to make a gift to support Covenant College Foundation.

You transfer cash or property to Covenant College Foundation.
In exchange, we promise to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
You will receive a charitable income tax deduction for the gift portion of the annuity.
You also receive satisfaction, knowing that you will be helping further our mission.

If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.