Charitable gift annuity
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 | The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. (May 2016) (Learn how and when to remove this template message) |
A charitable gift annuity is a gift vehicle that falls in the category of planned giving.[1] It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. When the donor dies, the charity keeps the gift.
The amount of the income stream is determined by many factors including the donor's age and the policy of the charity. Most charities in the United States use payout rates defined by the American Council on Gift Annuities.
References[edit]
- ^ Baldwin, William (June 6, 2012). "Does A Charitable Gift Annuity Make Tax Sense For You?". Forbes. Retrieved May 14, 2017.
