A Charitable Gift Annuity allows you to make a gift to a charity, while providing you fixed payments for life.
Advantages:
- Income beneficiary earns a fixed annual income
- Established with a minimum of $10,000 in assets
- Income tax deduction for the gift portion
Limitations:
- Fixed payments
- Percentage payment linked to donor’s age – the younger the donor the lower the percentage
Asset considerations for CLTs:
If you would like further information on Charitable Gift Annuities, contact your financial advisor, attorney or Lifestyle Giving.
Click Here to learn more about Lifestyle Giving.
