If you want to donate to our organization and are interested in supplementing your income during retirement, consider a charitable gift annuity.
Q. What is a charitable gift annuity (CGA)?
A. It’s a contract with our organization in which:
- You agree to make an irrevocable donation to us.
- In return, our organization agrees to make fixed payments to you each year for your lifetime. (You can have the payments benefit others, too, such as your spouse.)
- The portion of your gift that remains at your passing helps support our mission.
Q. What are the advantages?
A. It’s a gift that:
- Enables you to meet your charitable goals.
- Provides you with tax-favored lifetime payments.
- Offers immediate income tax savings (when you itemize).
If you are retired and depend on stock dividends for income, consider funding a gift annuity with those stocks. That way, you’ll still receive income from the assets—in many cases, in higher amounts.
Q. What are my payments?
A. The rate of payment is determined by the ages of those receiving payments at the time of the contribution—the older the recipients, the higher the rate. Payment rates are locked in for the duration of the gift annuity.
California residents: Annuities are subject to regulation by the State of California. However, payments under such agreements are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated under the South Dakota Division of Insurance jurisdiction.