<h2>Description of Services</h2>

<p>The Charitable Gift Annuity enables you to make a gift of cash or securities to WaterStone and receive fixed payments for life. At your death, the remainder will be available for the mission of your recommended charities.</p>

<p><b>A Charitable Gift Annuity Program from WaterStone offers the following advantages.</b></p>
<ul>
<li><i>A high rate of return.</i> Your annuity payments may be considerably more than you are presently receiving.</li>
<li><i>Immediate tax deduction.</i> The donor receives an immediate partial tax deduction. </li>
<li><i>Provision for yourself</i> and one other...your spouse, a special needs child, a parent.</li>
<li><i>Lifetime payments.</i> The annuitant(s) receive payments for life backed by the full faith and credit of WaterStone.</li>
<li><i>Flexibility.</i> You choose immediate or deferred payments and frequency of payments—quarterly, semi-annually or annually.</li>
<li><i>Partial tax-free payments.</i> Part of the payments may be a tax-free return of principal.</li>
<li><i>The ability to support your favorite charities.</i> We create a current gift as well as a deferred gift for the recommended charity. For ultimate flexibility, the donor may recommend his favorite ministries or charities, his own Donor Advised Fund or a selected Charity Advised Fund to receive the charitable portion of his gift.</li>
</ul>

<h2>Pricing Schedule</h2>

	<p>Minimum Value: $25,000<br /> 
Minimum Age: 55 </p> 
 
	<table> 
		<tr> 
			<td> &#8211; </td> 
			<td> Issuing Fee </td> 
			<td> Annual Administration </td> 
			<td> Initial Gift to First Listed Charity </td> 
			<td> Final Charitable Distribution to Charity </td> 
		</tr> 
		<tr> 
			<td> Standard </td> 
			<td> 3% </td> 
			<td> .75% </td> 
			<td> 3% </td> 
			<td> 100% </td> 
		</tr> 
		<tr> 
			<td> Reinsured </td> 
			<td> 5% </td> 
			<td> None </td> 
			<td> &#8211; </td> 
			<td> Immediate </td> 
		</tr> 
	</table> 

<ul>
<li>Fees do not impact the annuity payments.</li>
<li>All fees are charged against the charitable portion of the Charitable Gift Annuity.</li>
</ul>
 
<p>Reinsurance is at the sole discretion of WaterStone</p> 
 
	<p>Click <a href="http://www.giftlaw.com/glcalc.jsp?WebID=GL2001-0318" title="here">here</a> to access the GiftLaw Calculator, which is used to run charitable deduction calculations. </p> 
 
	<h3>State Disclosures</h3> 
 
	<p>The following are state disclosures as applicable to your state of residency. <br /> 
Charitable gift annuities are not covered by any state insurance guarantee fund.</p> 
 
	<p><b>California </b><br /> 
Annuities issued to California residents by a Grants and Annuities Society (Christian Community Foundation, Inc.) will not be covered by the California Life and Health Insurance Guarantee Association and any resident considering this type of investment should seek the advice of a tax professional. </p> 
 
	<p><b>Florida </b><br /> 
A copy of the official registration and financial information may be obtained from the division of Consumer Services by calling toll-free within the state. 800.435.7352. Registration does not imply endorsement, approval, or recommendation by the state.</p> 
 
	<p><b>North Carolina </b><br /> 
Financial information about this organization and a copy of its license are available from state of North Carolina Solicitation Licensing Branch at 919.733.4510. The license is not an endorsement by the state. </p> 
 
	<p><b>Pennsylvania</b> <br /> 
The official registration and financial information of Christian Community Foundation, Inc., doing business as WaterStone, may be obtained from Pennsylvania Department of State by calling toll-free, within Pennsylvania, 800.732.0999. Registration does not imply endorsement. </p> 
 
	<p><i>Christian Community Foundation, Inc. dba WaterStone offers Charitable Gift Annuities in most states, with the exception of Arkansas, Hawaii, New Jersey, New York, Washington and Wisconsin at the present time. We are pleased to work with you to facilitate your charitable giving.</i></p> 
 
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