Establishing a Deferred Charitable Gift Annuity
A Deferred Charitable Gift Annuity (DCGA) offers you the opportunity to claim a charitable deduction in the year of your gift, but receive payments at a later time designated by you. A donor who is at least 50 years old may establish a DCGA of $50,000 or more. Under this plan, the donor can choose a future time to begin annuity payments, such as upon retirement or reaching age 70, but not earlier than age 60.
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 Deferred Charitable Gift Annuity from the “gift type” drop-down menu.
To learn more about the American Association for Cancer Research (AACR) and explore which gift option is best for you, contact us today.
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.