Rate increase good news for donors
The charitable gift annuity is a favorite planned giving tool for donors who are 60 or older. Not only can you support a WELS ministry after you go to heaven, but meanwhile you can receive regular, guaranteed payments for life. To top things off, the rates on those payments increased in 2024 by an average of 0.4 percent (depending on your age)!
In brief, you can set up a charitable gift annuity (CGA) with WELS Foundation for a minimum of $10,000 in cash or securities or through a qualified charitable distribution (QCD) from your IRA. You will receive a charitable gift deduction (not applicable to a CGA funded by a QCD) and then quarterly payments based on a rate according to your age. These payments continue until you are taken to heaven, at which point the remainder goes to your designated ministry (or ministries). If you are interested in setting up a CGA, contact your local WELS Christian giving counselor.
Learn more about charitable gift annuities and view the latest rates table
Watch WELS Foundation Executive Director Jim Holm interview WELS Christian Giving Counselor Jon Kehren about the advantages of CGAs.
