At New Orleans Baptist Theological Seminary, a Charitable Gift Annuity can be established with a gift of $10,000 or more. If you are over the age of 62, in exchange for your gift to the Seminary (NOBTS), the Seminary will pay a specified annuity to you and, if you wish, another beneficiary. The payout rate is determined by the age of the beneficiaries and currently varies from around 6.3 percent to 12 percent. Call the Office of Development for the most current rates.
A portion of the payments to beneficiaries may be tax free. If you are over the age of 62 (minimum Gift Annuity issue age at NOBTS), you begin receiving your annuity payments immediately. After the beneficiaries are no longer living, the Seminary will use your gift for the purpose you specified.
Gift Annuity Advantages
You will receive an income for life.
Part of the income received may be tax free.
The rate of return you receive is fixed for life and backed by the resources of NOBTS which was established in 1917.
You may actually increase your current income by gifting low-yielding securities. Information for Giving Securities
You avoid immediate capital gains taxes if you gift with appreciated securities. Information for Giving Securities
You will receive an immediate income tax charitable deduction.
You may also reduce your estate tax
You will be supporting the work and mission of NOBTS of equipping leaders to fulfill the Great Commission and the Great Commandments through the local church and its ministries.
Your gift to NOBTS will have eternal impact working until our Lord returns.
