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What is Charitable Gift Annuity?

April 26, 2017Annuity charitable gift

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What is Charitable Gift Annuity?

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A charitable gift annuity is a way to make sure you receive guaranteed income. It is a contract between you and a charitable organization like the FarmHouse Foundation. You agree to give us money or an asset. In return, we agree to pay you a set amount every year for the rest of your life. The amount you receive as lifetime income is a certain percentage of the value of your gift, and it depends on your age at the time of the gift. The older you are, the higher the percentage.