Planned Giving at Kentucky Baptist Foundation
Charitable Gift Planning

Charitable Gift Planning

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Deferred Gift Annuity

DGA Diagram

How It Works

  • You transfer cash or securities to Kentucky Baptist Foundation.
  • Beginning on a specified date in the future, Kentucky Baptist Foundation begins to pay you, or up to two annuitants you name, fixed annuity payments for life.
  • The remaining balance distributed to designated charitable cause(s) or held in endowment for these cause(s) when the contract ends.

Note:

  • You must be at least 50 to begin receiving payments.
  • The minimum gift requirement is $5,000.

Benefits

  • Deferral of payments permits a higher annuity rate and generates a larger charitable deduction.
  • You can target your annuity payments to begin when you need them, such as retirement or when a grandchild needs help with tuition payments.
  • The longer you defer payments, the higher the effective rate you will receive.


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Kentucky Baptist Foundation
P.O. Box 436389
Louisville KY 40253-6389
502-489-3533 | Fax: 502-489-3564



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