This sounds too good to be true; how can I donate to Worship Anew and receive a payment for life?
History records that the first Charitable Gift Annuity was created by the American Bible Society in 1831, and universities, hospitals, and other ministries have offered them ever since! Charitable Gift Annuities were created for supporters like you who want to support our ministry but still want or need income for you and/or a loved one.
What can I donate to fund a Charitable Gift Annuity?
The minimum donation for a Worship Anew Charitable Gift Annuity is $10,000 with a maximum of $1,000,000. Donations may be through cash, appreciated securities (such as stocks, bonds, etc.), or other assets that have a value (such as land, your home, etc.). Many of our supporters may also be able to transfer funds from their IRA (via the Qualified Charitable Distribution or QCD) tax- free to fund a Charitable Gift Annuity. Please contact us for more details.
How can I determine what my Charitable Gift Annuity payment rate would be? Does it change if I include my spouse or a relative?
Worship Anew follows best practices and adheres to the rates suggested by the American Council on Gift Annuities. Rates are based on the age of the beneficiary(ies) that will be receiving payments from the Charitable Gift Annuity. Rates will also vary if the Charitable Gift Annuity is for one life or two lives. In addition, the older you are, the higher the possible rate! Supporters may also defer the first or additional payments, thereby making it possible for even higher payout rates. Contact us for more details.
Will my annual payments fluctuate with the state of the economy?
The Charitable Gift Annuity is a contract. The payment rate is set at the time of the gift and is based on the lives of the beneficiaries and will not change, regardless of the state of the economy or stock market in the future.
Is the Charitable Gift Annuity managed by Worship Anew?
Worship Anew has partnered with the LCMS Foundation to manage our Charitable Gift Annuity program. For a small fee paid by Worship Anew, the LCMS Foundation will invest the gift, make your yearly payments, and ensure all needed tax information is mailed and processed. However, rest assured that your gift will eventually benefit the ministry you love at Worship Anew.
Are Charitable Gift Annuities legal in every state?
Each state can regulate Charitable Gift Annuities; however, Worship Anew supporters in every U.S. state, other than Hawaii and New York, are eligible to participate in the Charitable Gift Annuity program.
Are Charitable Gift Annuities guaranteed like insurance?
Charitable Gift Annuities are not insurance. They are a contract backed by the full faith and credit of the issuing organization. Worship Anew has chosen to utilize the services of the LCMS Foundation with more than $2 billion in assets to house and manage our Charitable Gift Annuity program.
Can I see what my rate would be today without committing to anything?
Yes! There is a calculator available on our website at WorshipAnewLegacy.org where you can enter your age and basic information to learn more without making any commitment to give.
How can I learn more?
Please contact Jon Dize, CFRE, Director of Operations and Legacy Giving at (888) 286-8002, ext. 107 or Legacy@WorshipAnew.org.
Visit WorshipAnewLegacy.org to see what Charitable Gift Annuity options may be possible for you. You may also utilize our no-obligation rate calculator to see what rate you and/or your loved ones might be eligible for.
To watch a video about Charitable Gift Annuities and how you can support the ministry at Worship Anew with your gift, visit WorshipAnew.org/cga-video.