2006 gift annuity presentation
TRANSCRIPT
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Introduction
Today, we will introduce important personal financial and retirement planning opportunities
that benefit you and your family.
Additionally, when implemented, these opportunities will affirm your convictions while reaching others today and well into the future.
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VALUES CHALLENGE
Affirming your values
Satisfaction through investing in your family
and your future
Satisfaction through investing in others
Equipping others for service
Defining and Perpetuating your legacy
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Your Indiana Kentucky Conference
Annual Support Fund for Conference Ministries.
Apollos Fund provides New Church Start Leaders .
Goal: 20 new churches by the year 2020. Currently
developing church #5.
Merom Conference Center –assures our all essential
faith developing summer camping program
Serves 600 young people each summer
Provides year round retreat facilities to local churches
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Preparing Pastors For Faithful
Leadership and Service
Your support for ministerial education at Eden
Theological Seminary ensures strong –
positive – and competent leadership
throughout the United Church of Christ.
Eden Theological Seminary – A school of our
church - is currently educating over 200
pastors and leaders for faithful leadership and
service
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Affirming Senior Living Options
Your gifts provide essential resources to:
Assure a broad continuum of care for Seniors
Affirm The Altenheim’s emphasis on
innovation and leadership in providing highly
competent care accompanying the inspiration
of God’s Love and Call for Service.
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Accepting Your Values Challenge
Understanding your opportunities
Initiating informed decisions
Affirming your passion for service
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Prudent Gift Planning
The Pension Protection Act of 2006 (PPA 2006)
IRA owners age 70½ or older
Directly transfer up to $100,000 of required IRA
distribution, this year.
Does not trigger a taxable event or a charitable
income tax deduction.
Retirement assets benefit missions and are not
included in your federal taxable income
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Why now?
IRA withdrawals are often executed in
November or December.
A potentially good strategy to support
Your Congregation
Our Conference
Ministerial Education
Senior Adult Services
PPA Opportunity expires 31 December 2007
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$25,000 IRA Withdrawal and Direct
Charitable Gift
Federal Income Tax @ 35%
State Income Tax @7%
Federal Tax Deduction
Federal Tax Savings
State income-tax savings
Net additional tax
Pre PPA 2006 Now
$ 8,750 -0-
$ 1,750 -0-
$ 25,000 -0-
$ 8,750 $ 8,750
-0- $ 1,750
$ 1,750 -0-
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$50,000 IRA Withdrawal and Direct
Charitable Gift
Federal Income Tax @ 35%
State Income Tax @7%
Federal Tax Deduction
Federal Tax Savings
State income-tax savings
Net additional tax
Pre PPA 2006 Now
$ 17,500 -0-
$ 3,500 -0-
$ 50,000 -0-
$ 17,500 $17,500
-0- $ 3,500
$ 3,500 -0-
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$100,000 IRA Withdrawal and
Direct Charitable Gift
Federal Income Tax @ 35%
State Income Tax @7%
Federal Tax Deduction
Federal Tax Savings
State income-tax savings
Net additional tax
Pre PPA 2006 Now
$ 35,000 -0-
$ 7,000 -0-
$100,000 -0-
$ 35,000 $35,000
-0- $ 7,000
$ 7,000 -0-
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Benefits For Donors
Convenience donors
Generous donors
Major donors
Social Security recipients
Standard Deduction donors
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Implementing Your Opportunity
If you are 70½, Contact your IRA custodian
Arrange your IRA charitable rollover before 31 December 2007.
IRA Rollover Gift cannot exceed $100,000
IRA custodian conveys the asset directly to the charitable entity.
Advise the charitable recipient that your gift will arrive prior to 31 December 2007
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FIXED INCOME CHALLENGE
Maturing CD’s and fixed income assets
CD’s, 5-year return 3.94%
Treasury Note, 10-year yield 4.40%
Treasury Bond, 30-year yield 4.68%
You would like more annual income
You Have Options
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Solution
Consider A Gift Annuity
Fixed payments for life
Returns as high as 10% for Seniors
Potential for partially tax free returns
Income tax deduction
Affirms your values
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Charitable Gift Annuity
Sam Donna
Fixed Payments
Income Tax Deduction
Property
$10,000
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Charitable Gift Annuity
Sam age 75 Donna age 75
Fixed Payments
Income Tax Deduction
Property
$10,000 Principal
$10,000
Income
$630
Two lives
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Charitable Gift Annuity
Sam age 75 Donna age 75
Fixed Payments
Income Tax Deduction
Property
$10,000 Principal
$10,000
Income
$630
Two lives $380
Tax - free
$250
Taxable
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Charitable Gift Annuity
Sam age 75 Donna age 75
Fixed Payments
Income Tax Deduction
Property
$10,000 Principal
$10,000
Income
$630
Two lives
Mission Support
$10,000
Congregation
IN/KY Conference
Eden Seminary
The Altenheim
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Gift Annuity Benefit Summary
Assured Fixed Return For Two Lives
Income Tax Deduction $ 3,755
Annual Annuity Payment $ 630
Excluded From Tax 60.4%
Tax Free Distribution $ 380.52
Taxable Distribution $ 249.48
Affirms your commitments to service
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Charitable Gift Annuity
Donna
Fixed Payments
Income Tax Deduction
Property
$10,000
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Charitable Gift Annuity
Donna age 80
Fixed Payments
Income Tax Deduction
Property
$10,000 Principal
$10,000
Income
$800
One Life
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Charitable Gift Annuity
Donna age 80
Fixed Payments
Income Tax Deduction
Property
$10,000 Principal
$10,000
Income
$800
One Life Tax Free
536.80
Taxable
$263.20
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Charitable Gift Annuity
Donna age 80
Fixed Payments
Income Tax Deduction
Property
$10,000 Principal
$10,000
Income
$800
One Life
Mission Support
$10,000
Congregation
IN/KY Conference
Eden Seminary
The Altenheim
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Gift Annuity Benefit Summary
Assured Fixed Return For One Life
Income Tax Deduction $4,955
Annual 8% Annuity Payment $800
Excluded From Tax 67.10%
Tax Free Distribution $ 536.80
Taxable Distribution $ 263.20
Affirms your commitments to service
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Your planning options through the Pension Protection Act of 2006 and Charitable Gift Annuities, provide a wealth of meaningful opportunities for addressing your interest in the mission challenges presented through
St. John’s United Church of Christ
The Indiana Kentucky Conference
Eden Seminary
The Altenheim Community.
Conclusion