A Charitable Gift Annuity is a simple, secure arrangement that benefits Samaritan’s Purse, provides an income to you and/or a loved one, and offers substantial tax benefits. You may make a gift of $10,000 or more with cash or appreciated stocks—part of which is tax-deductible—and receive fixed annuity payments for life or for an agreed term. The remainder of your gift goes to support the work of Samaritan’s Purse at the end of the annuitant(s) lifetime or at the end of the agreed term.
Samaritan’s Purse offers four types of gift annuities: immediate payment, deferred, flexible deferred, and commuted. Payment rates will vary depending on the number of annuitants, the age of the annuitants, the gift date, and the date when payments begin. You may receive payments on an annual, semi-annual, quarterly, or monthly basis. You can calculate the details of your gift by using the gift illustrator link below. If you are ready to set up a Charitable Gift Annuity, fill out the one-page application below on your computer or print and fill it out by hand and mail it to us.
Effective January 1, 2023, the SECURE Act 2.0 allows traditional IRA account holders a one-time option to donate directly from their IRA to fund a life-income gift. This Qualified Charitable Distribution (QCD) comes tax-free to Samaritan's Purse directly from your IRA administrator and can fund a Charitable Gift Annuity (CGA) for up to $53,000 (indexed for 2024). The CGA pays income to you, your spouse, or both of you for your lifetime(s), beginning immediately. If your spouse also has a traditional IRA, talk to your tax advisor to see if your spouse can contribute an additional $53,000 for a combined $106,000 CGA. Your annuity rate must be 5% or higher and all QCD-CGA payments will be taxed as ordinary income. You must be 70-1/2 or older to make a QCD and your gift is not tax deductible.
The state of New York independently publishes maximum allowable payout rates for charitable gift annuities, so if you are in New York please call our Legacy Team to verify the rate.
If you have questions about Charitable Gift Annuities, please contact our Legacy Planning Team at stewardship@samaritan.org or 833-345-3422.
