Increase your income, save tax dollars and make a charitable gift, too! It may sound too good to be true, but all three can be accomplished with an ACS Charitable Gift Annuity. The Gift Annuity is a financial agreement in which you make an irrevocable donation to Abbotsford Christian School, and in return you receive a fixed income for life.
Benefits to you:
· Much of the income from the gift annuity is tax free & payments are guaranteed;
· You receive a charitable tax deduction for a portion of the annuity;
· Joint gift annuity payments continue for both you and your spouse's lifetime;
· A gift annuity is not part of your estate, thereby avoids probate costs and federal taxes.