Charitable Gift Annuities
The Charitable Gift Annuity is one of the oldest, simplest and most popular methods of making a deferred charitable gift. The donor makes an irrevocable gift today in exchange for a current lifetime income - a life interest. The charity receives what is left after the donor's lifetime - a charitable remainder interest. The donor is entitled to a charitable income tax deduction in the year the gift is made.
The Charitable Gift Annuity is a contract between the donor and the issuing charity. The promise to pay the annuity is a general obligation and is backed by the charity's assets.
The American Council on Gift Annuities recommends rates for charitable gift annuities based on the ages and number of the beneficiaries.
For a free no obligation charitable gift annuity analysis please contact a staff member.