Charitable Gift Annuities
What is a charitable gift annuity?
Through a charitable gift annuity, your client can give cash, publicly traded securities, or mutual funds that will help charities they care about. In turn, they receive a lifelong stream of income.
How to establish a gift annuity
Request a personalized illustration for your client using ourrequest form , or use ourgift calculator. - Review the illustration and disclosure documents with your client.
- If your client wishes to proceed and establish a gift annuity, complete the
gift annuity application ,IRS Form W-9, andcreate a charitable fund . Ensure all applications and forms are sent to Thrivent Charitable.
If the client is giving cash, they may send the check at this time, made payable to Thrivent Charitable Impact & Investing.
Gifts of stock:
If the client wishes to give stock, include copies of either the stock certificates or the most recent brokerage statement showing the shares they wish to give. Then, move forward with one of these processes:
- The client is gifting stock/mutual funds from a brokerage account, whether it is held in Thrivent or externally, please contact TIMI for instructions on making the transfer at 800-365-4172.
- The client is gifting mutual funds held in a mutual fund account, please contact the Thrivent Charitable finance team for instructions at 800-365-4172.
- The client is gifting stock or mutual funds involving transfer agents (i.e., Computershare or EQ Shareowner Services), please contact the Thrivent Charitable finance team for instructions at 800-365-4172.
Target audience
Immediate gift annuity
- Older clients (70+) who:
- Are fiscally conservative
- Seek additional income
- Already have a gift annuity
- Wish to give cash or appreciated stock
- Have stock and wish to receive ongoing income for long-term care or wealth insurance premiums
- Younger clients (50+) who want to:
- Receive a charitable tax-deduction now but have no need for additional income until retirement age
- Establish a supplemental retirement plan
- Give cash or appreciated stock
- Receive additional retirement income, even though they have maxed out qualified retirement plan contributions
Potential tax and financial benefits of a gift annuity
- The annuitant(s) receive fixed payments for life (backed by the full faith and credit of Thrivent Charitable).
- The donor receives a charitable income tax deduction in the year of the gift.
- For gifts of cash, the annual charitable deduction limit is 60% (for gifts January 1, 2018, and thereafter) of the donor’s AGI.
- For gifts of long-term appreciated securities, the annual charitable deduction limit is 30% of the donor’s AGI.
- Unused charitable deductions may be carried over an additional five years.
- The donor bypasses a portion of capital gains on gifts of appreciated securities; a portion of the capital gain is recognized over the lifetime of the annuitant; and
- A portion of each gift annuity payment is may be tax-free.
Benefits to you, the financial professional
Thrivent Charitable will support you with a full range of charitable products and services, and you'll be compensated for your efforts by Thrivent or American Funds.
Additional information
We make the process easy
Our team of charitable gift planners utilizes deep charitable expertise to expand your clients' options and help meet their giving goals. Our collaborative approach will allow you to maintain your current client relationships while we provide the most relevant advice that aligns with your clients' financial priorities.
Thrivent Career FPs: Contact a gift planner
Thrivent Advisor Network (TAN) Advisors: Contact a gift planner
Our team of charitable gift planners utilizes deep charitable expertise to expand your clients' options and help meet their giving goals. Our collaborative approach will allow you to maintain your current client relationships while we provide the most relevant advice that aligns with your clients' financial priorities.