Charitable Gift Annuities

A Charitable Gift Annuity (CGA) is a planned gift, whereby a donor transfers assets to a charity in exchange for fixed income payments for life. Once the payments end (upon the donor’s death), the remaining assets in the annuity benefit the charity.

Payment rates are established by the American Council on Gift Annuities (ACGA) and are dependent upon the age of the beneficiary and the size of the gift. The payments can be used to supplement the donor’s lifestyle or directed to another person. The minimum age for life income beneficiaries is 55 years.

Charitable Gift Annuities may be funded with cash, securities or property valued at $10,000 or more. Once you have identified your objectives, we will prepare an agreement according to your specifications and the annuity will be active upon receipt of the charitable assets.