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.
Use our Planned Giving Calculator. The calculator is designed to provide you with an illustration of the income and tax benefits to which you may be entitled if you establish a charitable gift annuity. When using the calculator, please select Charitable Gift Annuity from the “gift type” drop-down menu.
To learn more about the AACR and explore which gift option is best for you, contact us today.
Aruna K. Pappu, Esq.
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.