If you are not familiar with the term, "life income agreements," think of it as giving your money to New Orleans Baptist Theological Seminary and having it, too. Life income agreement is a term that includes charitable gift annuities and charitable remainder trusts. These gifts may be revocable or irrevocable and work as follows:
If you are 62 years or older, you can give the Seminary $10,000 or more (the minimum gift to establish a charitable gift annuity). You and/or a second beneficiary will receive income for life from your gift. After the beneficiaries are no longer living, your gift will be used by the Seminary for the purpose you have specified. If you are under 62, the deferred gift annuity is a great opportunity.
A representative from the Office for Institutional Advancement may be able to help you better understand your options for life income agreements and/or other types of planned giving.
Advantages of a life income agreement:
Types of life income agreements:
For Additional Information
To request additional information on life income agreements or to receive specific examples, e-mail or call the Office for Institutional Advancement at 1-800-662-8701 ext. 3252.