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The ABC's of charitable gift annuities.
- Article from:
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Fund Raising Management
- Article date:
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March 1, 1995
- Author:
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Copyright informationCOPYRIGHT 1995 Hoke Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Donors are given fixed payments for life in exchange for their cash and securities under a charitable gift annuity. Both donor and recipient derive several benefits through the charitable gift annuity. Donors get a fixed amount for life and an immediate income tax deduction. In turn, charities get a gift remainder of at least half of the annuity's value. Before establishing a charitable gift annuity, donors are advised to know their state's laws on annuities.
A charitable gift annuity offers major advantages to both donor and donee. But it's irrevocable so check with your attorney first.
If you're like me, your eyes glaze over when financial planners talk about the intricacies of ...
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