Charitable Gift Annuities and Deferred Gift Annuities
What are they?
Charitable Gift Annuities
A charitable gift annuity (CGA) is a contract between a donor and the Foundation. The donor transfers cash or securities to the Foundation. In exchange, the Foundation agrees to pay to the named beneficiaries (annuitants) a guaranteed annuity amount for life. The annuity rate is based on the age of the annuitant; the older you are, the higher the rate. Income payments can begin immediately or be deferred to a later date to supplement retirement assets. The rates for a deferred CGA will be higher than for an immediate annuity.
At the death of the last annuitant, assets will be used by the Foundation to create or add to an endowed fund as you instructed.
What are the benefits?
- Receive a guaranteed income stream backed by the assets of the Foundation
- Charitable income tax deduction
- Reduce capital gains
- Reduce estate tax liability
- Receive a portion of each payment free of income tax
How to establish
Please contact us for a detailed illustration of the annuity rate, tax treatment, and benefits.
Minimum contribution
$20,000
Download a one-page, easy-to-print fact sheet about charitable gift annuities.
Download additional information including annuity rates, for various ages, on a $100,000 initial gift.
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