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What is the difference between an immediate gift annuity and a deferred payment gift annuity?

April 26, 2017Annuity Deferred difference gift immediate payment

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What is the difference between an immediate gift annuity and a deferred payment gift annuity?

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A. Under the terms of an immediate gift annuity, you transfer assets to a charitable organization in return for fixed payments for the rest of your lifetime and/or the lifetime of another person, if desired. In the case of a deferred payment gift annuity, the payments from the gift annuity start at a date you specify—at least one year in the future.