HIGHER PAYOUT RATES APPLY FOR 2022
Over the years, many of our donors have chosen to support their churches and nonprofits through TMF by establishing a charitable gift annuity. In return for their gift, they receive a partial income tax charitable deduction and a fixed lifetime payment. Thanks to a recent change in payout rates, the charitable gift annuity is seeing renewed interest. TMF can now offer you a more generous annual payment.
With inflation on the rise, you may be disappointed with your fixed income portfolio, and may be concerned about continuing market volatility. A gift annuity from TMF can provide you with a regular stream of guaranteed payments while also allowing you to support the ministries of TMF in a meaningful way.
A charitable gift annuity is a simple agreement between you and TMF in exchange for your contribution. Gift annuities are easy to set up and the payments you receive are backed by the general resources of the foundation. You can direct lifetime payments for yourself or someone else, and you can name one or two recipients. You also receive an income tax deduction for the value of your charitable contribution.
For example, if a 79-year-old donor gives $25,000 to TMF to support their giving priorities in exchange for a charitable gift annuity today, he or she will receive a fixed annual payment of $1,700 per year for life, a rate of 6.8%. This annuity is nearly 10% more than if the same gift had been made under the old payout rates.