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More Life Stories |
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"People just do not realize the benefits of a Charitable Gift Annuity!"
exclaims Madelyn De Groot of Evergreen Park, IL. "They just do not know"
Having shared knowledge her entire 25 years as a teacher, now at age 85, Madelyn is still at it. She wants other Christians to recognize the value that this giving opportunity represents. "Tell them that a 6 month CD paying only 2.1% is giving me 10.4% today as a gift annuity."
For Madelyn, a Gift Annuity is a great way to give. She receives an immediate tax deduction while getting increased income for life, with the remainder going to her favorite Christian causes. Barnabas Foundation is a good option for gift annuities because she can support several different Christian organizations with a single Gift Annuity.
This isn't something new for Madelyn. She's been doing Gift Annuities for years. In fact, this year she established her third gift annuity through Barnabas Foundation. She's recognized a number of benefits:
- An immediate tax deduction
- Substantially higher income than from her CD's
- A portion of the income is tax-free
- Several favorite charities will benefit at her death
She's quick to note that it's important to give during your lifetime. Madelyn says, "You have to think of the Lord's work first. My four children, all grown and married, are pretty well set. They told me to manage the gifts God has given me in the way I felt led." Madelyn goes on to marvel at the great opportunities that young people have today versus her years during the depression. "Too many people my age worry about having enough money rather than trusting in the Lord to provide." Madelyn is still a great teacher!
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Gift Annuity Information |
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Need Direction For Your Plan? |
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We can help.
Phone: 888.448.3040
Fax: 708.532.1217
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