Income for Life

Gifts That Pay You Income

Many people would like to make a substantial gift from their assets, but are also concerned about having enough income during their retirement years.

If you share that concern, there are ways you can give a substantial gift of cash or securities now, while retaining a dependable stream of income, typically paid at a much higher rate of interest and with considerable tax savings.

“Over the years, I’ve arranged for two ICCF Charitable Gift Annuities through Barnabas Foundation. They provide me with secure income and I can now give a larger gift to ICCF from my estate. Pete and I supported ICCF as donors and volunteers since the late 1980s so my heart is warmed to see their work flourish. Thanks be to God!”

Blanche VanderBent

Charitable Gift Annuity

A Charitable Gift Annuity provides a fixed annual income for life at a rate that’s often double or triple the typical rate for CDs. A portion of the gift is tax deductible in the year given, and if the gift is given using appreciated stock, there will also be a considerable savings in capital gains tax. In addition, a portion of the annual annuity payments will be excluded from taxable income. The minimum gift for an ICCF Charitable Gift Annuity is $10,000.

Charitable Gift Annuity rates are fixed, remaining the same for life regardless of what happens to the economy or stock market. The older you are when you begin a gift annuity, the higher your annual annuity income rate will be. Rates are set for single individuals and also for “two-life” contracts designed to make payments for the lives of both a husband and a wife. 

With an ICCF Charitable Gift Annuity you receive assured income for life, and the remainder will then further ICCF’s ministry and mission.

Sample Charitable Gift Annuity Rates

Effective January 1, 2023

Age 60 65 70 75 80 85 90
One Life 4.9% 5.4% 5.9% 6.6% 7.6% 8.7% 9.7%
Joint Lives 4.4% 4.7% 5.2% 5.8% 6.5% 7.7% 9.4%

Joint lives rates shown are for two people the same age; rates will be different for two individuals not the same age.

Charitable Remainder Trusts

A Charitable Remainder Trust is another gift arrangement through which an individual or couple can give a substantial gift in support of ICCF’s long term ministry and also receive income for life. 

Unlike Charitable Gift Annuities, you select an annual payout rate at the time a Charitable Remainder Trust is created. The minimum percentage must be at least 5%, and the maximum allowable percentage depends on your age or the term of the trust. 

A Charitable Remainder Annuity Trust (CRAT) provides fixed payments year-after-year, based on a specified percentage of the value of the assets originally placed in the trust. The amount does not vary, even if the value of the assets in the trust increases or decreases.

With a Charitable Remainder Unitrust (CRUT) you’ll receive variable payments based on a fixed percentage of the value of the assets in the trust, as computed on January 1 of each year.

Using Barnabas Foundation as a Trustee

ICCF Charitable Gift Annuities and Charitable Remainder Trusts are issued and administered by Barnabas Foundation, which partners with ICCF Community Homes and over 200 other Christian ministries to provide these professional services. Since 1976, Barnabas Foundation has helped thousands of individuals and families give more effectively to the ministries close to their hearts.

Barnabas Foundation will help you identify the best giving options for your situation, in a way that’s clear and easy to understand. To learn more about how Barnabas Foundation can help you meet your financial and charitable goals through gifts that pay income, click here.


Hank Kroondyk
ICCF Planned Giving Specialist

616-336-9333 x 403
[email protected]

ICCF’s legal name, address and tax ID:

ICCF Community Homes
415 Martin Luther King Jr. St SE #100
Grand Rapids, MI 49507
Tax ID # 38-1903026

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