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I have heard there is a deferred gift annuity. How does it differ from a regular or immediate G.A.?

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I have heard there is a deferred gift annuity. How does it differ from a regular or immediate G.A.?

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A deferred gift annuity (D.G.A.) delays the start of payments for a year or more. Because the entire principal is invested for the deferred time specified in the contract, the Foundation may elect to enhance the payment and the charitable deduction.

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