CHARITABLE GIFT ANNUITY

What is a Charitable Gift Annuity?

A charitable gift annuity is a way to make a gift to your favorite charity, such as CROWLEY’S RIDGE COLLEGE and still receive an income for yourself or others. A gift annuity with CRC is a contractual agreement under which CRC, in return for a transfer of cash or other type of asset, agrees to pay a fixed sum of money for a period measured by one or two lives. The person who contributes an asset for the annuity is called the "donor", and the person who receives payments is called the "annuitant" or "beneficiary." Usually, the annuitant is also the donor, but this is not always true. The maximum number of annuitants is two, and payments can be made to them jointly or successively. The contributed asset becomes part of CRC's assets, and the payments are an obligation of the college. The annuity is backed by all of CRC's assets, not just by the property or asset contributed in exchange for a charitable gift annuity.

Charitable Gift Annuity Payments:

A charitable gift annuity enables a donor to transfer cash or marketable securities to CROWLEY’S RIDGE COLLEGE in exchange for a current income tax deduction and CRC's promise to make fixed annual payments to the donor for life. CRC is contractually obligated to make the payments, even if it has to dip into its general funds to do so. Payments from a charitable gift annuity are fixed from the outset. They will neither increase nor decrease, no matter the performance of the overall economy, banks or stock market. Annuity payments can begin immediately or can be deferred to some future date.

Benefits of a Charitable Gift Annuity:

• Guaranteed, fixed income for one or two lives

Example of Current CGA Rates at CRC ONE LIFE TWO LIVES Age Rate Age Rate 60 5.5%   65 5.4% 65 5.7%   70 5.6% 70 6.1%   75 6.0% 75 6.7%   80 6.6% 80 7.6%   85 7.4% 85 8.9%   90 8.7% 90+ 10.5%   95+ 10.3% All rates and ages for one life and two lives not listed above. See below for a complete listing of current CGA rates CURRENT CGA RATES based on ONE LIFE CURRENT CGA RATES based on TWO LIVES

• Payments are partially tax-free

• The annuity rate that is paid to you is often higher than the interest earned on CDs or money markets

• If payments are deferred several years, the rates are even higher. A deferred gift annuity may help increase retirement income

• No market risks and no set-up, legal or ongoing fees

• Income tax deduction that may be used in the current year along with a five-year carry forward, if needed

• Reduction of capital gains tax, if you contribute appreciated property

• An asset exchanged for a gift annuity will then be considered outside your estate, possibly helping you to avoid estate taxes

• Satisfaction of providing Crowley’s Ridge College a substantial gift at your death from the amount remaining in the charitable gift annuity

FOR A FREE NO-OBLIGATION
PERSONAL ILLUSTRATION OF A
CHARITABLE GIFT ANNUITY – CONTACT:

Richard Johnson, MNM, (CRC 84’)
Vice President for Advancement
Crowley's Ridge College
100 College Drive
Paragould, AR 72450
rjohnson@crowleysridgecollege.edu
Local:       (870) 236-6901
Toll Free:  (800) 264-1096
www.crowleysridgecollege.edu

©Crowley's Ridge College 2008-2009
100 College Drive Paragould, Arkansas 72450
Phone: 1-870-236-6901; 1-800-264-1096 Fax: 1-870-236-7748

CRC is accredited by the Higher Learning Commission and a member of the North Central Association.
30 North LaSalle Street, Suite 2400, Chicago, Illinois 60602-2504, www.ncahigherlearningcommission.org