Charitable gift annuity

Charitable gift annuity,

Definition of Charitable gift annuity:

  1. Arrangement under which a qualified charitable organization pays a fixed-sum annuity over the life of one or two persons in exchange for an irrevocable transfer of cash or property.

  2. A charitable gift annuity is an arrangement between a donor and a non-profit organization in which the donor receives a regular payment for life based on the value of assets transferred to the organization. After the donor's death, the assets are retained by the organization.

  3. The charitable gift annuity is a type of planned giving.

Meaning of Charitable gift annuity & Charitable gift annuity Definition