• slideset-1
  • slideset-2
  • slideset-3
  • slideset-4
  • slideset-5
  • slideset-7

Consider A Charitable Gift Annuity

A charitable gift annuity is an arrangement whereby a donor transfers cash or other property to a qualified charitable organization in exchange for a commitment by the charity to pay the donor a specified amount each year for the remainder of the donor's life.

Types of Gift Annuities

Gift annuities can be classified into two types - immediate and deferred gift annuity. A deferred gift annuity is one in which payments do not begin until after at least one year from the date the annuity is purchased whereas an immediate annuity begins payment within one year. The commitment by the charity to pay the donor is determined in many cases according to recommended rates adopted by the

American Council on Gift Annuities located in Dallas, Texas. The annuity payment is a fixed payment for life and is made monthly, quarterly, semiannually or annually. The commitment by the charity to pay the annuitant is backed or secured by the assets of the charity. Many state insurance departments now regulate gift annuities, which among other things require maintenance of reserve funds, restrictions on investments of annuity funds and annual reports by the charity.

If you think an annuity may be an important financial and charitable strategy for you, please call 815-734-4103 or email giving@pinecrestcommunity.org. Pinecrest Community (Brethren Home) is a 501 (c) 3 nonprofit charity. To view our tax exempt status letter, click here.


414 S. Wesley Ave.
Mt. Morris, IL 61054


815-734-4103 (p)  815-734-7318 (f)

A receptionist is available to direct your call M-F from 8:00 a.m. - 4:00 p.m.


During the COVID-19 pandemic, visitation is restricted. Please call us to check on the most current guidelines in place before coming to our facility. Thank you!

Follow Us

legacy of excellence
414 S. Wesley Ave., Mt. Morris, IL 61054  |  815-734-4103 | Sitemap
Copyright © 2022 Pinecrest Community. All rights reserved.