Commuted Payment Gift Annuity

Commuted Payment Gift Annuity Diagram

How It Works

  • You transfer cash or securities to Proverbs 31 Ministries. Our suggested minimum gift requirement is $10,000.
  • Beginning on a specified date in the future, Proverbs 31 Ministries begins to pay you, or up to two annuitants you name, fixed annuity payments for a period of years that you determine.
  • Beneficiaries are recommended to be at least 65 to begin receiving payments and must be at least 40 to fund the gift.
  • The remaining balance passes to Proverbs 31 Ministries at the end of the term of years.

Benefits

  • Commuting payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can target your annuity payments for the period of years when you need them, such as between retirement and when you are eligible for full Social Security benefits.
  • The shorter the period of payments, the higher each payment will be.


The material presented on this Planned Giving website is not offered as legal or tax advice.
Read full disclaimer|Sitemap|Planned Giving Content © 2020 PlannedGiving.com


About Proverbs 31

Proverbs 31 Ministries is a non-denominational, non-profit Christian ministry that seeks to lead women into a personal relationship with Christ, with Proverbs 31:10-31 as a guide.
Learn More

Support Proverbs 31 Ministries

In a day and time when the world is trying to quiet biblical truth, Proverbs 31 Ministries is determined to help women engage with God’s truth like never before through the resources we offer each day.
Give Now