Charitable Gift Annuity
A Charitable Gift Annuity is a contract between a charity and a donor that, in exchange for an irrevocable transfer of assets to the charity, the charity will pay a fixed sum to the donor and/or beneficiaries designated by the donor for the lifetime(s) of up to two beneficiaries.
A Charitable Gift Annuity offers a regular fixed income to the donor, while benefitting the charity of their choice during their lifetime. A CGA can be designed to begin paying an income stream to the donor beginning immediately, at a fixed future date, or at a flexible future date. Charitable Gift Annuities also provide the donor with the opportunity to leverage “after tax” income.