Leave a Kingdom Legacy
Through K-LOVE

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Leave a Kingdom
Legacy Trough
K-LOVE

Learn More

Overview Booklet Calculator

Charitable Gift Annuities

If you're looking for a way to support K-LOVE while receiving reliable income for life, a charitable gift annuity (CGA) may be a great option. Through a partnership with a trusted third-party provider, you can make a gift that provides you with fixed payments — regardless of market conditions — and helps further the ministry of K-LOVE.

Why create a CGA?

A charitable gift annuity offers a unique blend of giving and receiving. You can support the ministry you love while also securing steady payments for life — for yourself or someone you choose. It’s a wise way to steward your resources while leaving a lasting impact through K-LOVE's Christ-centered message.

Benefits of a charitable gift annuity

Receive fixed payments to you or another annuitant for life
Receive an immediate charitable income tax deduction for the gift portion
Payments may be partially tax-free
Avoid capital gains tax if funding with appreciated assets
Support the ministry and outreach of K-LOVE

How a charitable gift annuity works

K-LOVE partners with an established third-party organization to offer charitable gift annuities. This arrangement ensures your annuity is managed by professionals experienced in administering these types of gifts.

Here’s how it works:

You transfer cash or appreciated assets to the third-party provider, designating K-LOVE as the charitable beneficiary.
In return, you receive a fixed income stream for life, based on your age at the time of the gift.
A portion of your payments may be tax-free, and you'll also receive a charitable income tax deduction for the gift portion.
After your lifetime, the remaining funds support the ongoing ministry of K-LOVE.

If you fund your annuity with appreciated assets like stock, you may also bypass a portion of capital gains tax.

Gift annuity options

Current charitable gift annuity (payments begin within one year):
Make a gift now and begin receiving fixed payments as early as this year — along with an immediate tax deduction.
Deferred charitable gift annuity (payments begin at a future date):
Prefer to receive payments later (such as at retirement)? You can defer payments and receive a larger annual payout when they begin, plus an immediate deduction now.

Contact us

We’d be honored to help you explore whether a charitable gift annuity is right for you — and provide a personalized illustration with your income rate, deduction, and impact. Please contact us to see if this type of gift is right for you.

Booklet

Download Booklet

Calculate Benefits

The charitable gift annuity calculator generates a printable presentation that shows how you can benefit from fixed payouts that may be partly tax free plus a charitable tax deduction.

* Required fields

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Number of Beneficiaries

One Two

Click the appropriate button for a presentation of one or two beneficiaries. Selecting one beneficiary will cause the second beneficiary and the associated name and birthdate fields to be hidden from view.

First Beneficiary

Enter the name of the person. You may use such titles as "Mr.", "Mrs.", "Dr.", "Rev.", "Jr.", "Sr.", etc. For the remainder unitrust the first person is the first income recipient or beneficiary of the agreement.

First beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the first beneficiary

Birth month of the first beneficiary is required

Birth day of the first beneficiary is required

Birth year of the first beneficiary is required

You may enter the age of the person instead of the birth date. However, if the birth date is known, enter the birth date. Since ages are to be rounded up if the gift date is within six months of the next birth date, entering the birth date is the most accurate method.

Second Beneficiary

Second beneficiary is required

Birthdate

Month:

Day:

Year:

Please enter a valid birthdate for the second beneficiary

Birth month of the second beneficiary is required

Birth day of the second beneficiary is required

Birth year of the second beneficiary is required

Income Tax Rate

Select the current federal income tax rate of the donor. This will be used to project possible income tax savings. If you are uncertain about the correct rate, you may choose one of the middle rates. For many people, this will be close to their actual income tax rate.

Property Value $

Please enter a valid property value

Property value is required

Enter the amount of cash or the fair market value (FMV) of the asset(s) used to fund the CGA. For assets such as real estate, closely-held stock and other hard to value assets, the FMV is the appraised value of the property on the date of the gift.

Cost Basis $

Please enter a valid cost basis

Cost basis is required

Enter the cost basis of the asset being used to fund the trust or annuity. If the asset is cash, the cost basis is equal to the gift amount. If it is appreciated property, the cost basis will most likely be the amount you originally paid for the property. The cost basis is used to determine the capital gains tax which will be bypassed as a result of selling the asset. If the cost basis is not known or cannot be proven, the IRS assumes the cost basis to be $0. If cash funds the gift annuity, enter the same value as "Value of Property."

Payment Frequency

Select either monthly, quarterly, semiannual, or annual income payments to the beneficiary(ies) of the income. The choice of payment frequency does affect the amount of the charitable deduction as the more frequent the payment (i.e. monthly as opposed to annually), the smaller the donor's tax deduction.

Under the Internal Revenue Code, the charitable income tax deduction must be at least 10% of the initial value. The payout amount has been lowered to qualify under the IRS 10% deduction test. This calculation includes a safety factor of 0.04%. The deduction factor will be 0.10040 or greater. The Maximum Payout Rate by Crescendo 10% Deduction Test: cres_calc_maxrate10

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Leave a Kingdom Legacy Through K-LOVE

Leave a Kingdom Legacy Trough K-LOVE