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What is the difference between a Revocable Charitable Trust and a Charitable Gift Annuity?

April 26, 2017Annuity charitable difference gift Revocable Trust

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What is the difference between a Revocable Charitable Trust and a Charitable Gift Annuity?

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A Charitable Gift Annuity (CGA) is distinguished from a Revocable Charitable Trust (RCT) because a CGA is tax-deductible and provide more attractive interest rates. However, a CGA is not revocable meaning you cannot withdraw the funds, whereas with an RCT, you may withdraw the funds if necessary with no withdrawal penalties.