Charitable Gift Annuity

Charitable Gift Annuity

With a Charitable Gift Annuity, you can support Mount Pisgah by transferring your cash or property to the school and we promise to make fixed payments to you for life at a rate based on your age. 

The benefit of a Charitable Gift Annuity allows you to further the work of Mount Pisgah, while having  the security of a fixed payment for life, without concern regarding fluctuations in stock and real estate markets. You also receive a charitable income tax deduction for the charitable gift portion of the annuity. Additionally, you may benefit from payments that may be partially tax-free.

If you 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.

Types of Charitable Gift Annuities:

Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Greater Atlanta Christian School.

Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.

Flexible deferred charitable gift annuity (gives you flexibility as to when the payments will start). With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.