Increase your Income Now and Help Secure Your Future Legacy | Wycliffe Bible Translators

Increase your Income Now and Help Secure Your Future Legacy

  • June 27, 2022
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Would you like more income and financial security? Do you own assets that produce little or no income?

If you answered “yes” to either of these questions, now is an excellent time to consider a charitable gift annuity (CGA) with Wycliffe Foundation.

How Does a Charitable Gift Annuity Work?

A charitable gift annuity is simply an agreement between you and Wycliffe Bible Translators to receive secure lifetime income while giving to Bible translation. The way a CGA works is that you make a monetary donation or gift of appreciated securities to Wycliffe Bible Translators and in exchange, we agree to pay you monthly or quarterly annuity payments for your lifetime. And after a lifetime of payments to you, any remaining funds generously support Wycliffe’s mission as you have designated.

The annuity rate is based on your gift amount and your age at the time of your gift. And with the new increased payment rates, your lifetime income benefits are even greater!

Here are a sampling of the new rates as of July 1, 2022:

Charitable Gift Annuity rates chart

A CGA is a secure source of income because it’s backed by all of Wycliffe’s assets. If you create a gift annuity with Wycliffe, we are legally obligated to pay you income for life.

More Benefits of a CGA

In addition to offering increased income, charitable gift annuities also provide you with the following benefits:

  • Part of the annuity payments to you are treated as tax-free income.
  • By-pass some capital gains taxes on gifts of appreciated securities.
  • A substantial charitable income tax deduction. Charitable gifts may be arranged to pay the annuity payments on one or two lives. The most common example of this is to a husband and wife but it can also include heirs, siblings, parents, relatives and more.

Finish Strong

A charitable gift annuity is a way for you to finish strong by leaving a legacy that deeply matters. King David was known for finishing strong. As he neared the end of his life, King David shared his perspective on stewardship: “Everything in the heavens and on earth is yours, O Lord, and this is your kingdom” (1 Chronicles 29:11b, NLT).

Everything belongs to God, and as stewards of God’s resources, he wants us to use them to bring him glory. That’s what a charitable gift annuity ultimately does — it provides you with a sense of security while helping you steward God’s resources so that you can finish strong.

We’re Here to Help

We welcome the opportunity to answer further questions and serve you. To learn more, simply email us at info@wycliffefoundation.org or call us at 1-877-493-3600.

You can also access more information at wycliffefoundation.org/cga.