A Charitable Gift Annuity is the perfect gift option for a donor who wants to make a gift to charity but needs regular payments to supplement income. A CGA contract makes it possible for a donor to give cash or appreciated property to a charity  and in exchange, the charity makes fixed payments for the lifetime of up to two individuals per donation.

 

The annuity payments are based on a rate schedule set by the American Council on Gift Annuities (ACGA). The older the person receiving annuity payments, the higher the rate.

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Gift annuities also include partly tax free payments. A predetermined portion of each gift annuity payment is tax free.