Charitable Gift Annuity

CGA Diagram

How It Works

  • You transfer cash or securities to Proverbs 31 Ministries. Our minimum suggested gift requirement is $10,000.
  • Proverbs 31 Ministries pays you, yourself and a spouse, or any two beneficiaries you name, fixed payment for life.
  • Beneficiaries are recommended to be at least 65 years of age at the time of the gift.
  • The remaining balance passes to Proverbs 31 Ministries when the contract ends.

Benefits

  • Receive more income for your money because of higher rates.
  • Receive dependable, cash-flow for life, regardless of fluctuations in the market.
  • In many cases, receive payments at a rate higher than the interest you are currently receiving on investments.
  • Receive an immediate income tax deduction for a portion of your gift.
  • A portion of your annuity payment will be tax-free for a number of years.
  • Are you a younger donor? Consider a deferred gift annuity.


The material presented on this Planned Giving website is not offered as legal or tax advice.
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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.
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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.
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