Understanding Charitable Gift Annuities: With George Duffin

The Generosity NOW Podcast

In this conversation, Eric and Laurie are joined by George Duffin, the Director of Charitable Gift Annuity Services at the National Christian Foundation (NCF). They discuss the concept of charitable gift annuities and how they can be a valuable tool for individuals and organizations in their giving strategies. George explains that a charitable gift annuity is a way to make a gift to a charity and receive money back for the rest of your life. He highlights the benefits of gift annuities, such as the charitable deduction, income tax preferred status, and the remainderment that goes to benefit the mission of the charity.

George also discusses the different ways that gift annuities can be funded, including cash, marketable securities, complex assets, and qualified charitable distributions from IRAs. He emphasizes that NCF is there to help organizations and individuals navigate the process of setting up and administering gift annuities, and that they have seen a significant increase in gift annuities in recent years. The conversation concludes with a reminder to not grow weary of doing good and to seize the opportunity to do good to everyone.

About George

George Duffin is NCF’s Director of Charitable Gift Annuity Services. A graduate of Morehouse College, George has spent decades in ministry and helping people make wise decisions with their charitable gifts.

Takeaways

• Charitable gift annuities are a way to make a gift to a charity and receive money back for the rest of your life.
• Gift annuities offer benefits such as a charitable deduction, income tax preferred status, and the remainderment that goes to benefit the mission of the charity.
• Gift annuities can be funded with cash, marketable securities, complex assets, or qualified charitable distributions from IRAs.
• NCF is there to help organizations and individuals navigate the process of setting up and administering gift annuities.
• Don't grow weary of doing good and seize the opportunity to do good to everyone.

Quotables

• "A charitable gift annuity is a way to make a gift to a charity and in return you receive money back for the rest of your life."
• "NCF wanted to create a win-win-win. A win for the person funding the gift annuity, a win for the charity receiving the remainderment, and a win for NCF."
• "Gift annuities have become an amazing tool to help with the great wealth transfer."