A Charitable Gift Annuity (or CGA) is a gift made to New Hope Ministries today. In exchange for a gift and based on your age at the time of the gift, New Hope pays a lifetime of fixed income payments to you. And the rates just increased!
Secure 2.0 Act offers a special one-time qualified charitable distribution (QCD) to a CGA. Beginning in 2023, people who are age 70 1/2 and older may elect (as part of their QCD) a one-time gift up to $50,000, adjusted annually for inflation to a CGA. This amount counts toward the annual required minimum distribution (RMD), if applicable.
For more information, please contact:
Molly Helmstetter, Director of Development, 717-432-2087 ext. 203
Joel Giovannetti, Northern Tier Gift Officer, 717-432-2087 ext. 204
Gene Hagenberger, Southern Tier Gift Officer, 717-432-2087 ext. 206
Chris Brotherston, Volunteer Coordinator, 717-432-2087 ext. 205
Please note: This information is prepared for the information of friends and donors of New Hope Ministries. Its purpose is to offer helpful tax and financial planning information. Donors should consult with their professional advisor as to the applicability of any ideas to their own situation.