Charitable Gift Annuity

A CGA is a contract between you and the Foundation. In exchange for a gift of cash or property, we agree to make fixed payments to you for the remainder of your life.

What's the Need?

  • You want to make a gift to the Foundation and receive fixed payments.
  • You want to make a gift but need some sort of income now so you can take care of current or anticipated expenses.
  • You are thinking about your spouse’s current and future needs.
  • You are concerned about a family member’s retirement and is interested in funding a deferred flexible gift annuity for their benefit.

What's the Solution?

  • You and the Foundation enter into a Charitable Gift Annuity agreement.

The Benefits

  • Fixed Payments for Life
    - You receive fixed payments for life.
  • Tax-free Payments
    - A portion of each payment may be tax free.
  • Rates by Age
    - Payout rates are based on your age at the time of funding.
  • Tax Deduction
    - You will receive a federal income tax deduction.
    - Entitles you to an immediate income tax deduction.
  • At the end of the term, the remainder or the balance from the CGA goes to the Foundation.