A great time to consider a charitable gift annuity

If you’ve been looking for a tax-wise way to financially provide for you or a loved one—and ultimately give a thank offering to Jesus for WELS ministry—now is a great time to consider moving forward with a charitable gift annuity (CGA). CGA payment rates are going down as of July 1, so if you establish a CGA before then you will receive more in payments each year (for example, a $10,000 CGA would provide $30-50 more per year).

Many WELS members enjoy how a CGA allows them to make a gift of cash or securities in exchange for fixed quarterly payments for life and a charitable deduction now (plus savings on capital gains tax if you fund the CGA with appreciated assets). When the Lord calls you home, the remainder of the gift goes to proclaim the gospel through the WELS ministry you designate.

Here’s how it would work for someone 75 years of age:

You can do a personalized illustration based on your age. Another option is the deferred gift annuity, which provides a tax deduction now while payments start in the future.

If interested, call 800-827-5482 and we’ll connect you to your local WELS Christian giving counselor for free assistance with taking the next step.