Everyone likes opportunities for more income, but no one wants to pay additional taxes.
Through a charitable gift annuity (CGA), you can bless the work of Guiding LightAND receive regular payments for the rest your life – most of it tax-free.
Is this too good to be true? No!
This life income arrangement is based on an IRS formula that considers part of your income as a return on your original gift. That means a percentage of any income from a CGA is tax-free to you.
For example, Betty, a 74-year-old, makes a $20,000 gift for a CGA. She will receive over $1,200 each year, and of that amount, approximately $840 will be tax-free.
Is a charitable gift annuity the right giving solution for you?
Contact Starla McDermott at (616) 451-0236 ext. 20 or via email at Starla@GuidingLightWorks.org to learn more about gifts that provide income for life and to request your personalized proposal for what your payments from a CGA would be.
THIS MEANS THAT ANYONE WHO BELONGS TO CHRIST HAS BECOME A NEW PERSON. THE OLD LIFE IS GONE; A NEW LIFE HAS BEGUN!
2 CORINTHIANS 5:17