What is a Charitable Gift Annuity?
It is a lot like the Pooled Income Gift Fund. The main difference is a Charitable Gift Annuity pays a guaranteed fixed dollar amount to one or two people. The rate of payment is set when the gift is made and depends on who is being paid. For instance, older people are paid a higher rate than younger ones. Donors may choose to receive payments immediately upon making a gift, or to delay the first payment for a year or more (and enjoy a higher payment).More information on the Charitable Gift Annuity.Last updated on Wednesday, March 28, 2007.
