Several types of annuities are available to benefit both your family and an Asbury community. We advise you to speak with your professional advisor (attorney, CPA, bank trust officer, financial planner, insurance agent, etc.) to determine which may be best for you.
Charitable Gift Annuity*
This is a contract in which a donor exchanges a gift of cash or appreciated property for a guaranteed fixed income each year for the rest of the donor’s life. It may be of particular interest to those discouraged by low earnings on cash investments.
Charitable Remainder Unitrust
This special irrevocable trust pays income to family members. After all of the income payments have been completed, the remainder is distributed to qualified charities that were selected by you, the donor.
Charitable Remainder Annuity Trust
The donor selects a fixed annuity amount for this irrevocable trust that pays income to family members. It is usually funded with low-yield, highly appreciated stocks, land or buildings. After all of the income payments have been completed, the remainder is distributed to qualified charities that were selected by the donor.
Charitable Lead Trust
With this trust, a percentage of the value of the trust is distributed each year to the selected charities for a chosen number of years. Then, at the end of the term, the principal in the trust is distributed to family.
Asbury Foundation staff members are always available to answer any question or provide additional information. Please contact us to learn more.
*Special Note to Residents of Oklahoma: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not by a guaranty association affiliated with the Oklahoma Insurance Department.