Through the gift annuity, the donor establishes an irrevocable gift to the Foundation in return for annuity payments for life, or a number of years. A benefit to the donor is that the Foundation receives an immediate gift and yet the donor doesn't lose the cash flow from the gift. If you are considering this type of donation, please consult and investment professional.
Often, a donor's after tax income may be higher with an annuity than with either a savings bond or a GIC. The annuity provides significant tax savings, provides a lifetime security in a time of falling or unstable rates, and frees the donor from investment worries.
To learn more about this type of donation please contact us.