The Charitable Gift Annuity enables you to make a gift of cash or securities to WaterStone and receive fixed payments for life. At your death, the remainder will be available for the mission of your recommended charities.
The following are state disclosures as applicable to your state of residency. Charitable gift annuities are not covered by any state insurance guarantee fund.
Annuities issued to California residents by a Grants and Annuities Society (Christian Community Foundation, Inc.) will not be covered by the California Life and Health Insurance Guarantee Association and any resident considering this type of investment should seek the advice of a tax professional.
A copy of the official registration and financial information may be obtained from the division of Consumer Services by calling toll-free within the state. 800.435.7352. Registration does not imply endorsement, approval, or recommendation by the state.
Financial information about this organization and a copy of its license are available from state of North Carolina Solicitation Licensing Branch at 919.733.4510. The license is not an endorsement by the state.
The official registration and financial information of Christian Community Foundation, Inc., doing business as WaterStone, may be obtained from Pennsylvania Department of State by calling toll-free, within Pennsylvania, 800.732.0999. Registration does not imply endorsement.
Christian Community Foundation, Inc. dba WaterStone offers Charitable Gift Annuities in most states, with the exception of Arkansas, Hawaii, New Jersey, New York, Washington and Wisconsin at the present time. We are pleased to work with you to facilitate your charitable giving.
Gifts of cash and securities may be exchanged for a Charitable Gift Annuity. Non-cash assets will be immediately sold and invested.
Yes, the WaterStone Board of Directors has established a $25,000 minimum in order to enter a Charitable Gift Annuity agreement.
IRS regulations require that no more than two annuitants are to receive payments. However, most often, a Charitable Gift Annuity is written for the lives of both spouses. Another attractive feature of the charitable gift annuity is the ability to include others who are important to you. You may purchase a gift annuity to provide for a child with special needs or to provide for the long-term needs of parents.
If an “immediate” annuity is preferred, annuity payments will begin the end of the first payment period. Most of our givers request quarterly payments. The annuitant can expect payments by the last day of the quarter.
Payments may begin at a later date. This is called a “deferred payment gift annuity.” Because the payments are deferred, they may be higher than the payments for an immediate annuity. This option may be very attractive to those who do not need income now but wish to plan for retirement.
Most annuitants prefer their payments to be deposited directly into their bank account. All we need is a voided check with the authorization form signed by the annuitant and payments will be deposited on the last business day of the payment period. Contact our office for the proper form.
The Investment Committee of the Board of Directors, is directly responsible for the appropriate investment of all gift annuity funds. Because WaterStone assumes the investment risk and all responsibility for the lifetime payments to the annuitants, the asset allocation for the prudent investment of the funds is decided by the Investment Committee.
Yes, WaterStone provides Deduction Calculations utilizing Crescendo Software and based on the American Council on Gift Annuities rate. We are happy to sponsor a link, where you may access Crescendo’s Gift Calculator at no charge. If you prefer, you may contact us and we will be pleased to provide calculations specific to your situation. Please provide the following information: