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You may be looking for a way to help further our mission and enhance your income. If you are over 70½ you can receive a lifetime of payments in return for a one-time rollover contribution to Bethel University from your IRA account.
Consider Steve, a 75-year-old who would like to make a special contribution to
support the ministry of Bethel University. Steve has an IRA, and knows that he
is facing a Required Minimum Distribution (RMD) this year. Steve knows that his
RMD is going to increase his income tax. Instead of withdrawing the funds from
his IRA, Steve instructs his IRA custodian to make a $53,000 QCD directly to
Bethel in exchange for a charitable gift annuity which will pay him $3,498 (6.6%*)
per year for the rest of his lifetime. Steve understands that he is allowed to
make this election only one time, but he is looking forward to securing a stream
of payments for his lifetime, meeting or reducing his RMD for the year and making
a generous contribution to Bethel University.
* For illustration purposes only. Actual rates may differ. Contact us for
your personalized illustration.
Gift annuities are easy to set up and the payments you receive are backed by the general resources of Bethel.
Contact us to learn more or to request your personalized proposal for an IRA Gift Annuity.
The example on this page is for illustrative purposes only, to find out how an IRA Gift Annuity would work for you contact us for a personalized illustration.
If you have been so generous as to include a charitable gift annuity to Bethel University as part of your estate plan, please take the time to let us know. We would like to recognize you and your family for your generosity.
Doris (Swanson) Johnson '66 has family connections extending all the way back to Bethel's founder. Over a lifetime of giving, she and her husband Dennis '63, who passed away in 2019, have made their own connections with generations of students, who will continue to be impacted by the Johnsons' legacy far into the future. Read more
Current charitable gift annuity (payments begin within one year). With a current gift annuity, you may transfer cash or property in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction this year for the value of your gift to Bethel University.
Deferred charitable gift annuity (for payments at future date). Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
