Basics of Charitable Annuities

A charitable annuity is an excellent philanthropic tool which can be used for providing a lifetime of for an individual or a charity you care about. When setting up a charitable annuity, a sum of money is given to a charity with the promise that you (or a person you designate) will receive payments from that fund for the remainder of their lives. As with most annuities, charitable annuities can be set up to be deferred (disbursements start at a later date) or immediate (start paying out immediately).

Charitable Annuities:
Giving Through a Charity

The Deferred Charitable Annuity

A deferred charitable gift annuity is generally set up to provide an income to anticipate a need of some sort. This expected need can be retirement or any other event in the annuitant's life. A deferred charitable annuity is useful for someone who wants to ensure a person they care for has financial support after they have passed, like parents for their children.

Death Benefits and the Immediate Charitable Annuity

Immediate charitable annuities are arranged to provide an income stream quickly to the designated beneficiary. As with other gift annuities, payments from the immediate charitable annuity are managed by a charity for the life of the beneficiary. In the event of the annuitant's death, any funds left in the immediate gift annuity become the property of the charity.

Considering a Charitable Gift Annuity?

Setting up a charitable annuity can be complex and difficult. It’s always wise to seek professional guidance when arranging a gift annuity to ensure it provides the level of income you desire for the beneficiary. We offer free charitable annuity consultations from our highly qualified staff. The advice is free, the value: priceless.

Need Help With a Charitable Gift Annuity?
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Need Help With a Charitable Annuity?
Contact Us Online or
Call 1-866-866-0242 Today

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