Gift Annuities
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Download PDF application form
Extend your Christian Witness with a Gift Annuity
A charitable gift annuity is an agreement by which a person makes an irrevocable gift to The Presbyterian Church in Canada and, in return, receives a regular income for life. The gift annuity is set up to provide the Church with about 50% of the initial gift when payments end.
A gift annuity to The Presbyterian Church in Canada, in addition to providing you with a life-long guaranteed income, continues the Church's work and mission into the future.
All or some of the income is tax exempt, depending on your age at the time you acquire a gift annuity. And a joint gift annuity provides life-long income for your spouse, brother or sister, as well as for you.
A gift annuity gives you the satisfaction of knowing that your Christian witness extends far into the future.
Frequently Asked Questions
How much money do I need to acquire a gift annuity?
As little as $5,000.
May I have more than one gift annuity?
Yes, as many as you like.
How is gift annuity income calculated?
- your age when acquiring a gift annuity
- current investment rate
- the expectation that half of the investment will eventually be available for the Church's work.
It is determined by a formula based on
How much of the income will be tax free?
It depends on your age and life expectancy. In addition to your receiving tax-free income, part of the original gift may also be tax-deductible as a charitable contribution.
When will I receive payments?
You decide: monthly, quarterly, or semi-annually (Choosing semi-annual payments gives a slightly higher return.)
Do I have a say in how the Church will use what is left?
- the general funds of The Presbyterian Church in Canada (Presbyterians Sharing . . .)
- our work among the world's poverty-stricken people through International Ministries or Presbyterian World Service & Development
- a particular work of the church (for example, new church development in Canada, international educational ministry, theological education, church camping, benevolence funds)
- your own congregation.
Absolutely. You can give it for
You may spread your gift among several areas, indicating what percentage is to go where.
What are the Benefits from a Gift Annuity?
- guaranteed income for life
- income that is mostly tax-free
- a safe, guaranteed investment
- an opportunity to decide which church work to support with your gift
- as many gift annuities as you like
- satisfaction, knowing that your legacy will continue the work and mission of The Presbyterian Church in Canada
How to Acquire a Charitable Gift Annuity:
- Contact the Planned Giving Office and ask for a quotation for a charitable gift annuity. You will be asked for your date of birth, gender, your preference for a single or joint (then both birth dates are required) annuity, and the amount of your gift (minimum is $5,000; no maximum). You will be given a quotation that includes the amount of the charitable gift receipt you will receive immediately, the amount of your semi-annual payments, and the percentage of those payments that is tax-free.
- Ask the Planned Giving Office to mail or e-mail the application form to you, or download it here. Complete the form and return it to the Planned Giving Office, along with your cheque and photocopy/ies of your birth certificate(s).
- You will receive two copies of the official charitable gift annuity contract; sign both (two signatures required for a joint annuity) and return one to the Planned Giving Office. A receipt for your gift will be mailed immediately.