Establishing a Charitable Gift Annuity
A Charitable Gift Annuity (CGA) provides you with regular fixed payments annually (an annuity) for life in exchange for transferring assets to the AACR Foundation.
A CGA is a simple contract between you and the AACR Foundation. In exchange for your gift of cash or securities, the AACR Foundation will provide you with a lifelong annuity, a portion of which is tax-free. The rate that determines your annuity payment depends upon your age (and/or the age of your other designated beneficiary). The minimum age to establish a CGA with the AACR is 60, and the minimum gift amount is $50,000.
In addition to a lifelong annuity and an immediate tax deduction, other benefits of funding a charitable annuity include:
- The fixed annuity payment is sheltered from stock market volatility.
- Your contributed assets are removed from your taxable estate.
To learn more about the AACR and explore which gift option is best for you, contact us today.
Email: [email protected]
Not available in all states. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.