The Charitable Gift Annuity allows you to make a gift today and get the income back for your lifetime. At your death, the remainder is paid to the Baptist cause you specify.

 

 

During the term of the Annuity trust the trustee (for example, a bank trust department or the Mississippi Baptist Foundation) invests the trust’s assets. Each year, the trustee distributes a fixed dollar amount to the income beneficiaries of the trust. The payments must be at least 5% of the trust’s initial value and are made out of trust income, or trust principal if income is not adequate. Payments continue until the trust term ends or until the highly unlikely event that the trust distributes all its assets. When the trust ends the amount remaining in the trust is paid to the Baptist cause or causes you specified. A charitable remainder annuity trust can be for the life of one or more beneficiaries, a fixed term of not more than 20 years, or a combination of the two.