Emotions factor into retirement decisions, no matter your net worth or how much planning you’ve done.
- Will I have the money to pay my bills?
- What about taxes?
- Will my church or charities still thrive when I stop giving?
Questions like these are more common than you think. Yet, when donors—like you—discover how
“Donors feel relief and a sense of security knowing they can receive regular income and have the potential to make larger gifts,” says Charitable Solutions Consultant Molly Petitjean.
How charitable gift annuities work
- You make a tax-deductible gift of cash or securities to Thrivent Charitable.
- In return, you receive lifelong income in quarterly payments that remain constant, regardless of investment performance. Payments can begin immediately, or you may choose from several deferral options.
- Remaining assets at your death are directed to a
donor-advised fund and distributed to charities you have selected. You can choose whether to give gifts for a set number of years or in perpetuity.
Versatile giving options
Financial advisors routinely collaborate with the team at Thrivent Charitable to present unique solutions for their clients. Financial Consultant Terry King says his clients are drawn to charitable gift annuities for their versatility. “The gift is what drives their decision and saving taxes makes it fun,” he says.
Qualified charitable distribution (QCD). You may consider establishing a charitable gift annuity with funds from an individual retirement account (IRA) to bypass income taxes on the distribution. You are eligible for this one-time gift if you are at least 70-1/2 even though required minimum distributions (RMD) don’t begin until age 73.
Terry’s client reduced his taxes last year using a QCD to fund a charitable gift annuity. A significant gift will eventually be given to the hospital where the client’s family member received care.
Roth IRA conversions. If you are completing Roth IRA conversions as part of a long-term plan to reduce income taxes, it may increase your income in the short term. You might consider coupling the strategy with a charitable gift annuity, which is tax-deductible in the year you establish it and can offset taxes owed.
Working with Thrivent Charitable
Charitable gift annuities can provide steady income and lasting support for the causes you cherish. Partnering with your Thrivent financial advisor and Thrivent Charitable gives you the guidance and expertise to align your giving with your financial goals. Contact our team of charitable experts at
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Talk with your financial advisor about how you can get your family involved in giving or
Don't have a Thrivent financial advisor yet?
Thrivent provides advice and guidance through its Financial Planning Framework that generally includes a review and analysis of a client’s financial situation. A client may choose to further their planning engagement with Thrivent through its Dedicated Planning Services (an investment advisory service) that results in written recommendations for a fee.
This donor’s experience may not be the same as other donors and does not indicate future performance or success. Payout rates, charitable deductions and other benefits vary based on a number of factors.