How does a Charitable Gift Annuity work?
If you are 50 or older, you can use cash ($5,000 or more) or appreciated securities (worth $5,000 or more) to establish a gift annuity. In return, you will receive income payments for life and a tax deduction. The amount of the gift and the age of the annuitant determine the income when the annuity is established. Once the income is determined, it remains fixed for the life of the annuitant(s).
