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Planned Giving

Give & Create A Lasting Legacy of Evangelism

Would you like to contribute to charity while creating a guaranteed, fixed lifetime income stream at rates above CD rates?

Did you know that you can contribute to Benny Hinn Ministries while increasing your income and financial stability and at the same time reduce your income taxes and estate taxes? Through a Charitable Gift Annuity, you or both you and your spouse would receive tax benefits and guaranteed lifetime payments while supporting ministry efforts.

This is how it works: with a Charitable Gift Annuity agreement, you transfer cash or marketable assets (minimum of $10,000) to Benny Hinn Ministries through Trust Counselors Network. We guarantee to send you fixed payments for the rest of your life as well as the life, perhaps, of a second annuitant. Upon the death of the last annuitant, the foundation you designate receives the remainder of the funds.

In essence, on your part, the transaction is partly a charitable gift and partly the purchase of a stream of income. Your gift builds a living legacy while winning lost souls for generations to come.

In addition to meeting your philanthropic objectives, a Charitable Gift Annuity offers you many other benefits.

You may be eligible to claim a charitable income-tax deduction on part of the transaction in the year you make the gift, and possibly more.

Charitable Gift Annuity payments are based upon the amount of the gift, and several other determining factors such as age, etc.

Even as easy as this process may be, many people feel comfortable having their attorney review the agreement, and we suggest you do so.

If you use appreciated securities, you will avoid paying immediate capital gains but some taxable capital gains may be included in your income.

Even as easy as this process may be, many people feel comfortable having their attorney review the agreement, and we suggest you do so.

We help you make informed decisions about practical, strategic ways to bless your loved ones and honoring God through planned giving.

Many Benefits for You

In addition to meeting your philanthropic objectives, a Charitable Gift Annuity offers you many other benefits:

  • You would receive guaranteed and possibly higher payments.
  • Charitable Gift Annuity payments are based upon the amount of the gift, whether it involves cash or appreciated securities, your age and that of a joint annuitant, and when you want the payments to begin.
  • The lifetime payments you receive are based on the American Council on Gift Annuities’ recommended payout rates, which take into consideration all these factors.
  • If you fund the Charitable Gift Annuity with low-dividend stocks, your guaranteed payments might actually be higher than your dividends. And you eliminate your worries about the volatility of stock prices because your payment will always be the same, regardless of whether the stock market is up or down.

A Simple Illustration

Mrs. Smith, a 73-year-old widow, owns stock that has appreciated to $300,000. Her cost basis is $25,000. She receives dividend income from the stock of $7,500 per year, about a 2.5% return. After tax, her net income is $5,400 a year. If she sells the stock, she will incur almost $41,250 in capital gains taxes.

Mrs. Smith decides to give the stock to her favorite charity through a Charitable Gift Annuity. As a result, she partially bypasses the capital gains taxes, saving about $20,464. She also receives an income-tax deduction of $111,623. Her actual tax savings is $31,254—additional money to invest, spend, or save. Plus, her income increases to $23,400 per year.

Further, Mrs. Smith’s annuity payments are taxed much more favorably than her stock dividends. About half of the income, $11,466, is taxed at ordinary income rates (25%), or $2,867. Another portion, $10,943, is taxed at the federal capital gains rate of 15%, or about $1,640. The remaining $990 is not taxed at all.

Because of the various tax advantages, the actual effective pretax rate of Mrs. Smith’s payments from the Charitable Gift Annuity is 9.5%. Compare that to the 2.5% return from her stocks!

Her Charitable Gift Annuity not only provides much-needed funding for Mrs. Smith’s charity after her death, it also provides substantial extra income and tax benefits for her as long as she lives.

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