Charitable Gift Annuities

The URM Gift Annuity Program
How a Charitable Gift Annuity from Union Rescue Mission could help you receive a greater income.

URM Gift Annuity
The URM Gift Annuity is a gift and income arrangement in which an individual or couple makes a gift of cash, stocks or bonds to Union Rescue Mission in exchange for a guaranteed income for life, significant tax benefits, and an excellent rate of return.

The URM Gift Annuity works for you by providing significant financial advantages, as well as the satisfaction of helping support the work here at Union Rescue Mission.

Types of Annuity Arrangements
Several annuity arrangements are available to meet your planning needs:

Single-Life annuities provide income for one life and terminate when the annuitant dies.

Two-Life annuities pay income to two persons for life with the second person continuing to receive the same income after the first death.

Deferred annuities allow you to delay income payments to a date in the future of your choice. They offer a higher rate of return and are an excellent supplement to retirement plans, particularly if you are under age 60.

Rate of Return
Your annuity payment will be determined by the number of people involved, and your age when the annuity is issued. Capital gains tax can also be reduced if you fund your annuity with long-term, appreciated securities.

The chart to the right illustrates the rates for one life.


Example of a Single-Life Annuity
Mrs. Jones is 74 years old. She would like to make a gift in the amount of $10,000, but still needs a secure income. If Mrs. Jones chooses to make her gift in the form of a URM Gift Annuity, she can receive:

• $690 per year, or a 6.9% return for life.
  
• An income tax charitable deduction of $5,431 in the year of her gift, if she itemizes.
  
• A portion of her annual income ($360) as tax-free return of principal for her life expectancy.

Through the establishment of her URM Gift Annuity, Mrs. Jones can achieve both of her planning goals - to make a charitable gift and receive a great income.

Easy to Establish
If you would like to establish a gift annuity, you may do so for as little as $5,000. To begin the process, simply complete the attached inquiry form and return it to our office. You will receive a specific proposal which shows how much the income payments will be, the rate of return, and the tax benefits you should expect to receive from your annuity. Your inquiry places you under no obligation.

If you would like to fund your annuity with appreciated stocks or bonds, please let us know the value on the inquiry form. We will contact you if additional information is needed.

If, after you have reviewed your proposal, you decide to establish an annuity, simply sign the application and return it to us with your enclosed check. You will receive your signed annuity agreement and the process will be complete. Remember, there is no limit to the number of annuities you may establish.

If You Have Questions . . .
For further information on the benefits of the URM Gift Annuity or any other planning options, please call 501-374-1748 or write to the address below:

Union Rescue Mission
Ministry Support Office
PO Box 164057

Gift Annuity Inquiry Form (please print this page)
Yes, please tell me how a URM Gift Annuity can work for me!

Please complete the following:

Name ______________________________ Social Security #_________________

Address_____________________________________________________________

City_____________________________ State_______________ Zip____________

Date of Birth ___________________________ Male or Female (circle one)

Telephone (_____) _______________________

I'm interested in the following types of annuity:
Single-Life   Two-Life   Deferred

Please complete the following only if interested in a Two-Life Annuity:

Second Name __________________________ Social Security #_____________

(Please Print)

Date of Birth _____________________________ Male or Female (circle one)

(Month) (Day) (Year)

I am interested in funding an annuity for the amount of:
$5,000  $7,500  $10,000  Other $_____________

I intend to fund my annuity with:
Check or Money Order  Through transfer of Stocks or Bonds

I wish to receive my income payments:
Annually  Semi-Annually  Quarterly

Please defer my payments until I reach age ___________.
I would like a personal contact to explain the gift annuity

Please note, individual financial circumstances will vary. The information on this site does not constitute legal or tax advice. Donor stories and photographs are for purposes of illustration only. As with all tax and estate planning, please consult your attorney or estate specialist. All material is copyrighted and is for viewing purposes only. Use of this site signifies your agreement with the terms of use. The content in this Ministry Support section has been developed for Union Rescue Mission by John R Frank Consulting Group, Inc. Please report any problems to webmaster.

Revised: July 27, 2005