What are Charitable Gift Annuities?

Charitable Gift Annuities (CGA)

CGAs are one of the oldest tools of charitable giving. They are still very popular among older donors today because they are good for the donor and good for charities.

 

A CGA is a simple contract that guarantees a lifetime of fixed payments to the donor and a gift to the charity of their choice at their death. This charitable gift allows the donor to also receive a current charitable deduction that can reduce their income taxes. Generally, the annuity rate paid to the individual is based upon the guideline rates suggested by the American Council on Gift Annuities.

 

Here's a short video provided by The Giving Crowd that helps explain CGAs.

Was this article helpful?
0 out of 0 found this helpful

Articles in this section

See more
Send us a note
If you can't find what you are looking for or need to let us know something, send us a note.
Follow us on Twitter
Get the latest news and updates first