Frequently Asked Questions
Does my gift really make a difference? YES! Every gift-no
matter what the size, makes a difference! The gifts from alumni and friends
quickly add up.
Can I make a gift in honor of a friend or loved one?
Yes. Special recognition may be made by designating a gift in memory
or in honor of a loved one. The annual scholarship fund is an excellent
way to ensure a gift lives on through a deserving student who is dedicated
to ministering to others.
What is a charitable gift annuity?
A charitable gift annuity (CGA) is a contractual arrangement between
you and a charity. You make an irrevocable gift of cash, securities, or
real estate (minimum $10,000) in exchange for fixed payments for life,
with the remaining value benefiting your favorite charity at your death.
What are the benefits of a charitable gift annuity?
- Security
You receive fixed payments for life which will not change regardless
of whether interest rates rise or fall.
- High Rate of Return
You may be receiving interest from certificates of deposit or dividends
from securities that are considerably less than you received from these
investments a few years ago. Depending on your age, and the age of the
second annuitant, your annuity payments may be considerably more than
you are presently receiving.
- Tax Savings
You will receive a current tax deduction in the year of your gift. Part
of your annual payments may be a tax-free return of principal. If your
gift is appreciated property, you may avoid capital gains taxes on the
gift
portion of the annuity, with the remaining capital gains spread over
your life expectancy.
- Providing for Others
A gift annuity will make payments for up to two people for life. You
may wish to include your spouse, a child with special needs, a parent,
or a special friend. Even if you name someone else to receive the income,
most of the tax benefits belong to you.
- Flexibility
You may choose an immediate annuity that starts on the date of your
gift, or you may choose a deferred annuity which delays payment until
later, to supplement your retirement or achieve other financial goals.
You choose the frequency of the payments – annually, semi-annually,
or quarterly. You may designate payments for one or two persons.
Who can I contact to assist me in the process of giving to DCC?
We would be please to meet or talk with you about the different ways
to give to DCC. Please contact us to learn more
about how you can support DCC.
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