A charitable gift annuity is a gift vehicle that falls in the category of planned giving. 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.
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Interesting Questions
Absolutely! You can donate to your favorite charity or nonprofit, just like picking the toppings on your pizza!
Charitable gift annuities are considered quite safe, especially when established through reputable organizations. It's like having a sturdy umbrella on a rainy day!
Along with receiving regular payments, you may also get some tax benefits and the joy of knowing you're helping a cause close to your heart!
Generally, anyone can set up a charitable gift annuity, but it’s mainly aimed at people looking to make a meaningful gift while enjoying some benefits along the way.
A charitable gift annuity is a way to donate to charity while also receiving fixed payments for the rest of your life. It's like giving with a safety net!