Larry and Allison invested $30,000 in what they believed to be an attractive stock. This turned out to be a very wise decision, because the value of the stock increased to $100,000 a few years later. Though they were not in need of additional income at the time, the couple decided to cash in on this growth and began considering selling the stock.
Allison: "It had been a good year for us, and we were looking for ways to maximize deductions and reduce what we owed in taxes. At the same time, we really felt God tugging on our hearts to make a contribution to the missionary work being done through Nazarene Global Missions and Nazarene Missions International."
Larry: "Allison and I were both age 50 at the time, in good health and still working. And though we didn't really need extra current income, we were planning to retire at age 65 so we were always interested in smart retirement planning. Our goal was to be able to live comfortably and travel in our motorhome to visit friends and family."
Allison: "We met with a Foundation representative, and he told us that what would work best for our situation is a deferred gift annuity. We could give the stock immediately to the Foundation and receive the tax benefits, but the annuity wouldn't begin until we retired. We would then receive annual income payments from the annuity for the rest of our life, and the remainder would go to Global Missions when both of us passed away."
Larry: "We decided to go ahead and set up a deferred gift annuity. We experienced firsthand each of the benefits they mentioned, so now we are receiving income and know that our money will be used for the work of the Lord when we no longer need it."
**Note: The name and image above is representative of a typical donor and may or may not be an actual donor to our organization. Since your benefits may be different, please contact us for more information.
