What is a charitable gift annuity?

Minimum gifts for establishing a charitable gift annuity may be as low as $5,000, but are often much larger. In addition to the income stream, annuitants may also be eligible to take a tax deduction at the time of the original gift, based on the estimated amount that will eventually go to the charity after all the annuity payments have been made.

Should I set up a charitable gift annuity?

If you want to donate to charity but are concerned how it might affect your income in retirement, you may want to consider setting up a charitable gift annuity. A charitable gift annuity is a contract between a donor and a qualified charity in which the donor makes a gift to the charity.

Who offers a charitable gift annuity?

There is no known comprehensive list of charitable organizations that offer these annuities, but the ACGA sponsor list consists entirely of organizations that do. A charitable gift annuity isn’t for everyone. It probably isn’t even for most people. But you may be a candidate if you: