About Charitable Gift Annuities
If you’re looking for a way to maintain your current lifestyle, increase your financial security, and lower your taxes, consider creating a charitable gift annuity. You will receive fixed annual payments for as long as you live.
If you are under 65, you may want to consider a Deferred Charitable Gift Annuity, where payouts start after you hit a certain age.
Benefits
- Receive an immediate income tax deduction for a portion of your gift
- Annuity payments are guaranteed for life, backed by a reserve and the assets of our organization
- Annuity payments are partially tax free, making them more valuable than fully taxable income of the same size
How it works
- Set up an annuity contract with our organization and transfer cash or securities as outlined in the agreement.
- We invest the assets and pay you (or up to two annuitants) fixed income for life, with the amount depending on the size of the transfer and the age of the annuitants.
- The remaining funds pass to us when the contract ends, creating a meaningful impact.
Learn more about Charitable Gift Annuities
Consult with a qualified estate planning attorney and a financial advisor to determine if this is the right option for you.
We’re here to help you meet your goals!
 | Name: Paul Knecht Executive Director Phone: 605-274-5030 Email: pknecht@sdsynod.org |
Paul Knecht brings more than 30 years of nonprofit leadership experience to his new role as the Executive Director of Lutheran Planned Generosity of South Dakota. He most recently served as Executive Director of the South Dakota Dental Association and Dental Foundation, leading both organizations since 1998.
A South Dakota native, and graduate of SDSU, Paul is a member of Lutheran Memorial Church in Pierre, where he has served in a variety of leadership roles. He and his wife, Kim, have been married for 35 years and have two adult children and two grandchildren. They make their home in Pierre, South Dakota.
Outside of his professional and community involvement, Paul enjoys spending time in the great outdoors, with a particular passion for upland game hunting and fly fishing.
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More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Popular tax-smart gifts
Many people are increasingly choosing to give non-cash assets, so they can have a bigger impact at less cost to them.