An investment in yourself and the future of our youth
A Charitable Gift Annuity is an excellent way for friends of Lake Aurora Christian Camp, to make a gift of significance, while still retaining income from the gift during their lifetime. The Charitable Gift Annuity is administered by the Board of Trustees of Lake Aurora Christian Camp benefiting this ministry.
What is a Charitable Gift Annuity?
Of all the gifts that pay back a lifetime income, the Charitable Gift Annuity may be the simplest and most affordable. It is simply an agreement contract in which you contribute a gift of cash or securities for a guaranteed life income.
What a Gift Annuity Accomplishes?
To decide whether a Charitable Gift Annuity is the right approach to your contribution to ministry, consider the following questions:
 | Do I want to make a gift and still retain income for myself, my spouse or another person? |
| Do I want a guaranteed fixed income from my gift? |
| Would it be helpful to save current income taxes, capital gains taxes or estate taxes? |
| Do I want to make a gift of lasting significance to the Kingdom of God? |
If the answer is yes to any of these questions, you should further examine the Charitable Gift Annuity.
How the Gift Annuity Works
Lake Aurora Christian Camp issues an annuity certificate (contract which guarantees payments for life to you at the agreed rate of payments based on your age, at the time of your application) after a gift of $3,000 or more (in the form of cash, securities, real estate or other property) along with an annuity application form, has been given to Lake Aurora Christian Camp.
The American Council on Gift Annuities explains this philanthropic opportunity further at www.acga-web.org
How much will I receive?
Gift Annuity rates are determined by the age of the person or persons who receive the income payments. For a joint or survivorship annuity rate, please contact our office. (863-696-2743)
The table below shows the rate of payments for a single life gift annuity, effective July 1, 2001
|
Example of Gift Annuity Rates - 2001 |
|||||
| Age | Annual
Rate % |
Age | Annual
Rate % |
Age | Annual
Rate % |
| 50 | 5.7 | 64 | 6.7 | 78 | 8.4 |
| 51 | 5.8 | 65 | 6.7 | 79 | 8.6 |
| 52 | 5.8 | 66 | 6.8 | 80 | 8.9 |
| 53 | 5.9 | 67 | 6.9 | 81 | 9.1 |
| 54 | 5.9 | 68 | 7.0 | 82 | 9.4 |
| 55 | 6.0 | 69 | 7.1 | 83 | 9.7 |
| 56 | 6.1 | 70 | 7.2 | 84 | 10.1 |
| 57 | 6.2 | 71 | 7.3 | 85 | 10.4 |
| 58 | 6.3 | 72 | 7.4 | 86 | 10.8 |
| 59 | 6.4 | 73 | 7.6 | 87 | 11.1 |
| 60 | 6.4 | 74 | 7.7 | 88 | 11.4 |
| 61 | 6.5 | 75 | 7.9 | 89 | 11.7 |
| 62 | 6.6 | 76 | 8.0 | 90+ | 12.0 |
| 63 | 6.6 | 77 | 8.2 | ||
| To determine how much you would receive for the rest of your life from a gift annuity, draw a line under the figure of your age, across to the annual % rate for which you would qualify. Then multiply per $1,000 to determine your annual payment. | |||||
