Income: Gifts that Pay Back
Charitable Gift Annuity
An irrevocable gift of cash or securities where you receive a predictable fixed income for life. In exchange for your gift to Sardis, you will receive payments for life and a portion of your gift may be made available immediately to support a mission or ministry you have selected or it could be distributed after your lifetime. This provides significant support for your church and requires a minimum of $10,000. Contact Jerry Reed at 704.365.2707 or by email for assistance.
Charitable Remainder Trust
An irrevocable gift of assets into a charitable trust that provides you a fixed (Annuity Trust) or variable (Unitrust) income for life or a set term.* At the trust's termination, the trust assets become a generous gift to your church. This provides significant financial support for your church and requires a minimum of $200,000. Contact Jerry Reed at 704.365.2707 or by email for assistance.
Charitable Lead Trust
Income payments are distributed to your church for a set period of years, after which the assets are transferred back to the grantor or the grantor's beneficiary. This provides generous support for your church now and transfers assets to heirs with little or no tax. There is no deduction with this type of gift, and it requires a $200,000 minimum. Contact Jerry Reed at 704.365.2707 or by email for assistance.
*Annuity Trust: The income is predictable and fixed. When you establish the trust, you set a reasonable and permissible fixed annual income (based on a percentage of the initial market value of the assets). Even as the value of the trust fluctuates, your income remains the same - except in the very unlikely and uncommon event the trust is exhausted.
Unitrust: The income varies on an annual basis. At the establishment of the trust, a reasonable and permissible income percentage rate is determined. Annually, the trust assets are valued, and the established rate applied to the annual value determines your income. As the trusts assets increase or decrease, your income increases or decreases.
Upcoming Sardis EventsView All
February 26, 2020
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Service OpportunitiesView All
Panama City Mission Trip
We will be working with The Fuller Center Disaster ReBuilders in Panama City, Florida (April 26-May 1)
Room In The Inn
Room in the Inn is looking for a few good men and women!