Planning For The Future

The Charitable Gift Annuity

As people plan for retirement, a common concern is how to ensure steady income for themselves while maximizing whatever tax breaks are available. Many people also think about their commitment to their favorite charities and want to continue to support cause they care about, even when living on a fixed income.

Many individuals have used gift annuities to accomplish both income and philanthropic goals.

Q – What is a CTN gift Annuity?

A – A CTN gift annuity is an agreement between an individual (at least 60 years old) and Christian Television Network.

The Donor transfers money or assets (valued at $10,000 or more) and receives fixed payments for the rest of his or her lifetime and / or the lifetime of another person, if desired. The generous interest rate depends on the donor’s age at the time of the gift.