Charitable Gift Annuity
Questions for Professional Advisors
Note: If you are not a professional advisor these questions may still be helpeful in determining if a Charitable Gift Annuity is right for you.
- Do your clients have an appreciated asset subject to the Capital Gains Tax?
- Do they need current income to support their lifestyle or pay medical bills?
- Do you have clients with a long-term interest in “giving something back to the community?”
If you answered yes to these questions then you may want to consider a Charitable Gift Annuity.
You can transfer cash or property to the Community Foundation now, get immediate tax benefits, and ensure that you or a loved one receive fixed quarterly or annual payments for life. This option is a great solution for many older charitable individuals.
Unlike a Charitable Remainder Trust (CRT) a Charitable Gift Annuity is a contract between the donor and the Foundation.
Based on the size of the gift, and the age of the donor(s) the Foundation pays a fixed annual sum to the donors for the rest of their lives - guaranteed!
A Charitable Gift Annuity is not like other annuities. There are potentially substantial benefits for donors. To learn more, or get an exact calculation of the benefits for your clients, visit the website for the American Council of Gift Annuities: www.acga-web.org.
