Gift Annuities

There are two types of gift annuities:

  • Charitable Gift Annuity - Annuity payments begin immediately and are based on the initial market value of the assets contributed and the ages of the income beneficiaries.  The donor receives an immediate income tax deduction and may also defer or bypass capital gains tax.  In addition, a portion of the income may be tax-free.

  • Deferred Gift Annuity -  Income payments are delayed until a future date chosen by the donor.  In addition to the immediate tax deduction, benefits include increased income and a potential tax deduction due to a deferral of income.

Make a Gift