A Charitable Gift Annuity is a financial arrangement where a donor makes a significant gift to a charity in exchange for a lifetime annuity payment, combining philanthropy with income generation. This arrangement offers tax benefits to the donor and provides the charity with a future financial contribution after the donor's passing.

Charitable Gift Annuity

Financial arrangement

Significant gift

Lifetime annuity payment

Philanthropy involves the voluntary giving of time, talent, or treasure to promote the common good and improve quality of life. It encompasses a wide range of activities, from charitable donations to strategic initiatives aimed at addressing systemic social issues.

Philanthropy

Income generation refers to the process of creating financial revenue through various means such as employment, entrepreneurship, investments, or passive income streams. It is essential for financial stability and growth, allowing individuals and organizations to meet their needs and achieve their financial goals.

Income Generation

Tax benefits are government incentives that reduce the amount of tax owed by individuals or businesses, encouraging certain behaviors or supporting economic policy objectives. They can take various forms such as deductions, credits, exemptions, or preferential rates, and are often used to promote investments, savings, and social welfare activities.

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