Quick Links
The Free Methodist Foundation
8050 Spring Arbor Road
PO Box 580
Spring Arbor, Michigan 49283
phone: 517.750.2727
toll free: 800.325.8975
fax: 517.750.2752
email: info@fmfoundation.org
Giving Through Charitable Gift Annuities
A gift annuity is unique because it combines the pleasure of making an eventual gift to Free Methodist ministries with the guarantee of a fixed income for life. This is how it works: A donor transfers cash or marketable securities to The Free Methodist Foundation (FMF). The donor then receives a written annuity contact in which FMF agrees to return a specific sum of money to one or two income beneficiaries for life.
The charitable gift annuity enables a donor to make a significant deferred gift to one or more Free Methodist causes. Further, the donor qualifies for a sizable charitable income tax deduction the year the gift is made. This deduction may be carried over for up to five additional years as necessary. A portion of the income from a charitable gift annuity is excluded from tax. Because The Free Methodist Foundation maintains a reserve on annuity funds, these investments are secure, ensuring future payments to the income beneficiaries.
The Deferred Payment Gift Annuity
A deferred payment gift annuity is different than a "regular" charitable gift annuity in that it allows a donor to delay receiving the guaranteed income payments until some future date.
A donor who purchases a deferred payment gift annuity may be looking for a guaranteed retirement income, a tax-sheltered investment, or future income for a child or grandchild. This permanent investment provides a higher income rate than is possible through a regular charitable annuity, reserving payments until some future date selected at the time the deferred payment gift annuity is obtained. As with the regular charitable gift annuity, there is still a significant deferred gift to one or more Free Methodist ministries.
Please contact The Free Methodist Foundation for deferred payment gift annuity rates.