The charitable gift annuity makes it possible for you to satisfy the dual objectives of personal and family security and to benefit our work. Indeed, this unique plan may permit you to make an immediate gift to us without loss of income. In many instances, the gift annuity can actually increase your spendable income.
The charitable gift annuity is highly flexible and can be tailored to meet a wide variety of personal needs and financial objectives. As a donor you have several options available to you:
- The frequency of annuity payments. You can receive your annuity payments annually, semiannually or quarterly. This decision can have some small effect on the deduction and the taxation of annuity benefits.
- The choice of beneficiary. You can have the annuity paid to yourself or another as a single life annuity; you can have it paid to both yourself and another as a joint and survivor annuity.
- The choice of gift. You can fund the annuity with cash or securities.
- Arrangements by will or IRA. You can set up a gift annuity by will or through an IRA. An annuity bequest set up by will or IRA provides for the annuity payments to begin for some designated beneficiary after your death.
- Immediate payments or deferred. You can have the annuity payments start any time during the first year after your gift or you can have them deferred, starting at a later period in your life.
The point to keep in mind is that the gift annuity can be set up to meet your personal objectives, your own financial requirements and the needs of your beneficiaries.
Frequently Asked Questions about the Charitable Gift Annuity.
For another way to give, please see Bequests by Will.
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