THE CHARITABLE GIFT ANNUITY

1.  How does a CHARITABLE GIFT ANNUITY  compare to the use of
charitable trusts?

The use of CHARITABLE GIFT ANNUITIES is much simpler because there are no legal or administrative fees involved.  While trusts may be suitable for a particular situation, in most cases the CHARITABLE GIFT ANNUITY works most effectively.

2.  What if my favorite charity does not offer a CHARITABLE GIFT ANNUITY ?

It is possible for any qualified charity to have a program established and backed by insurance.   Your advisor can probably obtain more information for you on this matter.

3.  Can the income from the annuity be spread out over more than one life?

Yes.  While usually it is set up to cover spousal situations, you might wish to get figures for a joint income with a child or grandchild.

4.   Do I need to take income immediately even if I don't need it.

You can usually defer the income if you wish.  However, there is a very good reason to take it from the beginning.

5.  How safe are CHARITABLE GIFT ANNUITIES?

You will want to ask this of your charity.  They will likely offer the guarantees of a major insurance company to back up their promise to pay future income obligations.

Your remaining questions may be answered on an individual basis.  To ask a question, click here