Can a Charitable Gift Annuity be part of a retirement plan?
A charitable gift annuity is an excellent supplement to a retirement plan. Its flexibility to meet various planning needs makes it an attractive option. You may choose to receive the payments immediately, or defer them to a later date. With a deferred gift annuity, a donor benefits two ways: first, by receiving an immediate income tax charitable deduction and second, by building retirement income on a sheltered basis. A deferred payment gift annuity also allows the creation of a more significant gift because the investment has time to grow during the period income payments are deferred.
