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Planned Giving

  1. Giving
  2. planned Giving
  3. Charitable Gift Annuity, Deferred Gift Annuity, and Charitable Remainder Trust

Fund a charitable gift annuity with cash, real estate, closely held stock, appreciated securities, tangible personal property.

  • Income tax deduction
  • Tax-exempt income (partial)
  • Avoidance of capital gains tax (partial)
  • Possible federal estate tax savings
  • Make a large gift with appreciated assets (Charitable Remainder Trust)
  • Payments for life or a fixed number of years

Strengthen Your Future With a Charitable Gift Annuity

Receive an Income for Life and Save on Taxes

The idea of a charitable gift annuity is nothing new, but its benefits will never grow old. In America, the concept dates back to 1843, when a Boston merchant donated money to the American Bible Society in exchange for a flow of payments. Today, a charitable gift annuity offers valuable tax benefits. But perhaps more valuable than the financial advantages is the satisfaction of helping continue the mission and good works of a charitable organization such as ours.

Charitable gift annuity 

A contractual agreement between a donor and a charitable organization in which the donor gives assets in exchange for the organization's promise to provide the donor with payments for life.

When you create a charitable gift annuity with us, your donation is divided into two parts: an amount attributable to the charitable gift portion and the amount attributable to your annuity payments. If you itemize deductions on your tax return, savings from the federal income tax charitable deduction of the gift portion reduce your gift's net cost.

If you fund your annuity with appreciated property rather than cash, you benefit even more because you are not responsible for the capital gains tax at the time of your gift. Instead, a portion of your payments will be taxed as capital gain (provided that you are the primary annuitant and the annuity interest is assignable only to the charity).

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The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results. Please note some giving areas require a minimum gift amount.