Charitable gift annuity.  A charitable gift annuity is the simplest of these two gift plans. When we receive your gift, we use a portion of it to purchase a commercial annuity that makes fixed payments to you and/or another beneficiary for life. These payments from your gift annuity are likely to be higher than the interest you are presently receiving from your investments. There is another attractive benefit: your gift annuity payments will be substantially or entirely tax-free. This gift plan is especially appropriate if you are risk-averse in your investing and if long-term fixed payments are an appropriate strategy for you.

Charitable remainder trust. Your other option is a charitable remainder trust. You fund your trust with a gift of cash, securities, real estate or other property, then you and/or another beneficiary receive the net income for a lifetime or a term of years. When the trust terminates, the remaining balance is given to Wycliffe Canada. Although you may recognize some capital gain when you transfer appreciated assets, it is likely that your tax credit will exceed the tax on this gain and result in net tax savings. You are always entitled to a donation receipt when you establish a charitable remainder trust.