Gift Annuities

A gift annuity can be a wonderful form of giving for senior citizens 65 years of age and older. You simply make a gift of cash, stock, or real estate for the benefit of Scripture Union in exchange for a life long income stream for one person or two people’s lives. The income payments are based on the rates set forth by the American Council on Gift Annuities and the size of the gift. Upon your death the remaining balance is then used for the general purposes of the ministry.

A gift annuity provides an opportunity for seniors to receive a nice steady rate of return on their gift investment for the remainder of their life or lives. The older you are at the time the gift is made the higher the rate of return. For example a 65 year old would receive 6%; a 75 year old 7.1%, and an 85 year old would receive 9.5% for the remainder of their life (these rates are as of October 2004 and are subject to change without notice). You also have the assurance that any remaining funds have already been given away for the ministry of Scripture Union during your life; thereby, avoiding probate and any possible objections to your wishes by family.

Click here for more help and information about gift annuities.

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