A charitable gift annuity (CGA) is an arrangement where you make a gift to a charity in exchange for a guaranteed income stream for life. The CGA provides a partial tax deduction and a guaranteed income stream. An independent agent can help you evaluate charitable gift annuities.
Key Points
- Charitable gift annuity (CGA): gift to charity in exchange for lifetime income
- Partial tax deduction: for the charitable portion of the gift
- Guaranteed income stream: for life
- Remaining assets: pass to charity at death
- An independent agent can help you evaluate charitable gift annuities