Life is full of competing priorities. Often the things we want to do don't coordinate with what we know we need to do. If you are in or approaching retirement, you know that one priority is making sure you have enough income. Yet, you may also want to continue your support of favorite charities such as Diakon. Saving and charitable giving don’t have to be competing priorities. Enter the Diakon charitable gift annuity! Consider achieving two of your priorities at once - both income and charitable support.
ACCOMPLISHING PRIORITIES: RETIREMENT INCOME AND SUPPORT FOR
Diakon
The benefits of a life income gift: with the charitable gift annuity
Financial security and support for Diakon
The benefits of establishing a charitable gift annuity
A charitable gift annuity with Diakon is simple. You make a gift to Diakon of cash or appreciated securities, and Diakon agrees to pay up to two individuals - most commonly you and your spouse - a fixed income for life. The payments never fluctuate and are not affected by changes in the economy or financial markets. Diakon will give you a simple agreement for your records. Then just wait for the payments. In return for your gift, you will get an income tax charitable deduction for a portion of your gift. In almost every case some of your annuity payments will be partially tax-free for a time. Two priorities accomplished - additional retirement income and generous support for Diakon.
How to establish a charitable gift annuity with Diakon.
Once you decide to move forward to establish a charitable gift annuity with Diakon, here is the process. We will guide you every step of the way.
- Contact the Development office to ensure that the age(s) of the annuitant(s) meet the gift annuity policies at Diakon.
- If you have not received a financial illustration for the gift you are considering, request the illustration from the Development office.
- Request a Gift Annuity Application form from the Development office.
- Complete the information on the application.
- Send the Gift Annuity Application to the Development office at Diakon.
- If you are using a check to fund the gift, enclose your check with the application.
- Shortly after your application is received you will be sent a Charitable Gift Annuity Agreement, along with tax reporting information for when you file your income taxes.
- You'll need to sign the Charitable Gift Annuity Agreement and return it to Diakon. Diakon will provide a fully signed agreement to you.
Your priorities accomplished!
- You will have provided for additional income.
- You will have protected some of your assets from market downturns in exchange for safe income.
- You will have made a significant gift to Diakon.