Few people would refuse an increase to their income if it was offered to them. We all want to be able to afford necessities and enjoy extras, and many people also desire to be able to give more to the ministries they love. There may be a way to do both—with a charitable gift annuity.
When you create a charitable gift annuity, often known as a CGA, you enter into a contract with a charity. You donate a gift of cash, securities, or other assets. In return the charity provides you with a fixed stream of income for the remainder of your life.
Individuals or couples can set up charitable gift annuities. CGAs are popular because they can be funded with a variety of assets that might otherwise sit unused or produce minimal income. With a charitable gift annuity, in addition to income, you receive a charitable tax deduction for the gift portion of your agreement. Finally, part of the income you receive will be tax free.
With a charitable gift annuity, you may increase your income even as you make a gift. If you are retired or near retirement, if you have appreciated assets, or if you’d simply like to know how you can make a charitable gift and retain the income, please email us at contactcenter@cdfcapital.org or call us at 888-540-7112 to learn more.
