Annuity Trusts

        A charitable remainder annuity trust pays a fixed amount (at least five
percent of the fair market value of the trust assets when the trust is established)
to you or your beneficiaries at least once a year.  The payout is determined
when you set up the trust, based on such factors as your age, the number of
beneficiaries, your desired income, and the length of the trust term.  If the trust
earns more income than the agreed amount, the additional earnings are
reinvested.  If the earnings are less, withdrawals from the trust's principal make
up the difference. Once the annuity trust is created, you may not make
additional contributions to it.

        You will receive an income tax deduction for the value of the charitable
remainder interest in the trust at the time you set it up (calculated from tables
based on your age), and you avoid capital gains taxes on the transfer of
appreciated long-term assets such as real estate or securities.  Because the
assets are effectively removed from your estate, you also avoid estate taxes.

Advantages:
* Opportunity to make a substantial gift to the Church while receiving life income
* Fixed payout offers the security of guaranteed income
* Can unlock appreciated assets for diversification or increased yield
* Professional asset management
* Can receive an attractive equivalent rate of return
* Immediate tax deduction
* Avoid capital gains taxes
* Estate tax and probate savings