Charitable Gift Annuity

What it is:

A charitable gift annuity is a way for you to give cash or other property to the Foundation now, and in return you will receive an annuity payment for the rest of your life.

Why do this: This simple planned giving tool allows you to give an asset and receive an annuity in exchange. The income you receive will be part income, part capital gain and part return of principal depending on the asset donated. You will receive a charitable tax deduction now. This deduction will shelter some of the income for us to six tax years. Another advantage is property is removed from your taxable estate. The Foundation receives the entire value, where heirs would receive an estate tax depleted amount.