Charitable Gift Annuity

By funding a charitable gift annuity, you are creating a lasting legacy and helping to do the Lord’s work. Giving is an act of worship, another way to offer your Lord a thankful response for his never-failing gifts.


A gift annuity is a contract between you and WELS Foundation, in which you make a gift of cash or securities (stocks, bonds, mutual funds) in exchange for fixed payments for life. After the passing of the annuitant(s), the remainder of the gift will be used by your congregation, mission work of the church, schools, area Lutheran high schools, or other WELS-affiliated ministries. Like the stones placed by the River Jordan, your gift is a means to share God’s grace with others well after you enter the Promised Land of heaven.


  • Flexible: You can begin annuity payments right away or some time in the future when you will need additional income. While there is a minimum gift size of $10,000, there is no maximum limit. You can fund a gift annuity for yourself, a loved one, a friend, or even an employee.
  • Secure: Your annuity payments are backed by the assets of WELS Foundation, Inc.
  • Permanent: Your annuity payment is a fixed amount, dependable and unchangeable.
  • Minimum ages: Immediate payment annuities are available to WELS members aged 60 and older; deferred payment annuities are available to members aged 45 and older.
  • Irrevocable: Once established, a gift annuity cannot be changed or cancelled. You may, however, choose to end the annuity payments to you and allow the residual to be paid directly to your chosen ministries.


  • Joy: Arrange to benefit the area of the Lord’s work that is closest to your heart.
  • Fixed payments for life: Your gift comes with the assurance of steady, lifelong payments.
  • Tax savings: You receive an immediate income tax charitable deduction, and in most instances, a portion of your gift annuity payment will be a tax-free return of the original principal. If you transfer appreciated assets for a gift annuity, you defer tax on a portion of the capital gain. The balance of the gain is spread over your expected lifetime. If you defer annuity payments until a future date, you also delay reporting of the capital gain.
  • Lasting legacy: After the passing of the annuitant(s), the balance will be used to continue the Lord’s work in your congregation, synod, or other WELS ministries.

Charitable Gift Annuity FAQs

There is, and you can choose which charitable gift annuity option works best for you, based on your giving goals and situation.

Immediate gift annuity
Quarterly annuity payments start immediately

  • You make a gift now
  • You receive an immediate tax deduction
  • Minimum gift amount: $10,000

Deferred gift annuity
Quarterly annuity payments can start at retirement (or a date you choose)

  • You make a gift now
  • You receive an immediate tax deduction
  • Minimum gift amount: $10,000

Flexible deferred gift annuity
Quarterly annuity payments can start at any time in the future

  • You make a gift now
  • You receive an immediate tax deduction
  • Minimum gift amount: $10,000

Testamentary gift annuity
Quarterly annuity payments benefit your loved ones when you are in heaven

  • Your gift is funded when you are called home to heaven
  • Minimum gift amount: $50,000

Distributions are paid on the last day of each quarter. If you provided information to receive your distribution electronically, you will receive it the last day of the quarter (i.e., March 31st). If you are receiving a distribution check, your check will be mailed the last business day of the month (at quarter end).

You can! Please contact us at or 414-256-3251 and we can assist you in setting that up.

You can expect to receive your tax information by January 31st.

No problem! Contact us at or 414-256-3251.

Yes, you can, and in doing so you may qualify for an additional income tax charitable deduction. Contact us at or 414-256-3251 to learn more.

The information contained on this website is not intended as legal advice. For legal and tax advice, WELS Foundation encourages you to consult an attorney or tax professional. The figures cited in the examples on this website are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.