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As its name implies, a charitable gift annuity is both a gift and an annuity. It’s an uncomplicated gift that is exceedingly popular because it benefits both charities and donors. When you contribute property to charity, some of the donation supports the charity and some is returned to you in periodic payments for life.
A gift annuity is a contract between a donor and a charity. When you make a gift to us, we agree to pay you and/or your designated beneficiary a fixed amount periodically for life. The arrangement is structured so that we use approximately half of the gift to support our mission and pay the other half back in the form of annuity payments.