 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Para ayuda en español, por favor
llame al (800) 668-8016 y pida
hablar con Gloria o Enrique.
American Council on Gift Annuities lowers
payout rates on new gift annuities
The payout rates on charitable gift annuities written July 1, 2008, and afterward will be reduced. The Christian Church Foundation, which handles this life-income gift contractual agreement for ministries of the church, suggests individuals contemplating this type of gift plan to complete it prior to June 30 to receive the current, higher payout rates.
The charitable gift annuity is one of the oldest and simplest forms of a deferred gift. An asset, for example, cash or marketable securities, is transferred to the Christian Church Foundation, which contractually guarantees the payment of a specified annuity to the donor and/or another annuitant for life. The payout rate is determined by the ages of the annuitants. At the death of the last annuitant, the residual goes to your congregation or to any institution or ministry of the Christian Church (Disciples of Christ). The residual also can be divided among several ministries or used to create a permanent endowment for the church. Click here to view our pre-July 1 Guide to a Charitable Gift Annuity brochure (PDF).
If you enter into a Gift Annuity Agreement, you receive a charitable deduction for income tax purposes. The amount of the deduction is established by Treasury Tables. Another important feature of a charitable gift annuity is that a portion of your annual payment from the annuity may be tax-free throughout your life expectancy.
The Christian Church Foundation uses the rates recommended by the American Council on Gift Annuities, which apply to both males and females. Effective July 1, 2008, the payout rates are being reduced for new gift annuities, so individuals considering this type of planned gift and desiring the current, higher payout rate, must have the contract completed by June 30, 2008. The table below shows a sample of the current rates and the new rates. The minimum gift annuity with the Foundation is $2,500.
One Life |
Two Lives |
||||
Age |
Current |
Rate after 7/1 |
Ages |
Current |
Rate after 7/1 |
60 |
5.7% |
5.5% |
60-60 |
5.4% |
5.2% |
65 |
6.0% |
5.7% |
65-65 |
5.6% |
5.4% |
70 |
6.5% |
6.1% |
70-70 |
5.9% |
5.6% |
75 |
7.1% |
6.7% |
75-75 |
6.3% |
6.0% |
80 |
8.0% |
7.6% |
80-80 |
6.9% |
6.6% |
If you are contemplating this type of gift, please call us at (800) 668-8016 to receive a free, confidential proposal.
Collins to join CCF development staff
The Rev. Dr. W. Darwin Collins, regional minister for the Christian Church in Pennsylvania since 1994, will join the executive development staff of the Christian Church Foundation this fall. He will join Deborrah Wray as vice presidents in the Great Lakes Zone, assisting donors and congregations in Indiana, Illinois, Wisconsin, Michigan, Ohio, West Virginia, Pennsylvania and the Northeast states. To read the complete story, click here.
Distributions to MInistry top $8 million in 2007
The Christian Church Foundation distributed $8.1 million for ministry in
2007, including a record $4.3 million from permanent funds alone. Disciples Mission Fund, the general funding system for the Christian Church (Disciples of Christ), received more than $1.1 million from permanent funds and donor-advised gifts. This figure is the largest distribution to the church’s mission funding system in CCF’s history. To read the full story, click here. Our audited 2007 financial statement also is complete. To review a copy, click here.
Ocasio to focus on Hispanics & Puerto Rico; Hansen promoted to Assistant Vice President
Two staff changes were made at the Christian Church Foundation on Jan.1, 2008.
Enrique Ocasio, who has served as planned giving associate for the Foundation's Great Lakes Zone since 2006, has become the planned giving associate for Hispanics and Puerto Rico. In this new position, he will be able to concentrate his efforts on planned giving, permanent fund policies and investments with Spanish-speaking Disciples and their congregations.
Sue Hansen, who has been on staff since 2004, is being promoted to assistant vice president for gift administration.
To read more about these appointments, click here.
Checklist for Permanent Fund Trustees
Being responsible for a congregation's permanent fund is an important task. And with trustees often serving staggered terms, it is important that the knowledge and responsibilities are constantly shared and understood to maintain the integrity of the fund. The Foundation staff members have prepared a "Trustee's Checklist" that your congregational leaders may use. To view and download the PDF version, click here.
Managing Estate Gifts
Gifts from donors’ estates are a special blessing. These gifts, received from the saints of our congregations, are often their final testimony that the church is called to stretch and serve many future generations. What a great gift this testimony can be to all of us!. In all of the work that we do, however, one paramount consideration deserves special focus: We must make it a priority to understand and to honor any donor restrictions on gifts made to the church.
The Christian Church Foundation is providing a new resource to congregations to help them better understand their role as stewards of these gifts. Click here to download a copy, or to order several for your congregation's financial leaders and trustees, call us at (800) 668-8016.
Revised Church Treasurer's Handbook
The newly revised Church Treasurer's Handbook is now available to download as a PDF. Click here to view it.
