Charitable gift annuity definition

Charitable gift annuity means a transfer of cash or other property by a donor to a charitable organization in return for an annuity payable over one or two lives, under which the actuarial value of the annuity is less than the value of the cash or other property transferred and the difference in value constitutes a charitable deduction for federal tax purposes.

Charitable gift annuity means a transfer of cash or other property by a donor to a charitable organization in return for an annuity payable over one or two lives, under which the actuarial value of the annuity is less than the value of the cash or other property transferred and the difference in value constitutes a charitable deduction for federal tax purposes, but does not include a charitable remainder trust or a charitable lead trust or other similar arrangement where the charitable organization does not issue an annuity and incur a financial obligation to guarantee annuity payments.

Charitable gift annuity means a transfer of property by a donor to a charitable organization in return for an annuity payable over one or two lives, if the actuarial value of the annuity is less than the value of the property transferred and the difference in value constitutes a charitable deduction for federal tax purposes.

Examples of Charitable gift annuity in a sentence

• If so, please indicate the type of planned gift: Planned Gift: Bequest IRA/retirement plan assets Charitable remainder trust Charitable gift annuity Life insurance Charitable lead trust Other Contributions are Irrevocable All gift contributions made to the Boston Foundation become assets of the Boston Foundation and are irrevocable as tax deductible gifts.

• Charitable gift annuity rates are lower than those offered by insurance companies to purchasers of commercial annuities so that a significant portion of a contribution will be available for charitable purposes.

• If so, please indicate the type of planned gift: Planned Gift: Bequest XXX/retirement plan assets Charitable remainder trust Charitable gift annuity Life insurance Charitable lead trust Other Contributions are Irrevocable All gift contributions made to the Boston Foundation become assets of the Boston Foundation and are irrevocable as tax deductible gifts.

More Definitions of Charitable gift annuity

Charitable gift annuity means an annuity that:

Charitable gift annuity means a transfer of cash or other property by

Charitable gift annuity means a transfer of cash or other property by a donor to a charitable

Charitable gift annuity means a transfer of cash or

Charitable gift annuity means a transfer of cash or other property by a donor or donors to a charitable organization in return for periodic payments by the charitable organization commencing on the date of the agreement or in the future to one or more persons designated by the donor or donors over the lives of such persons;

Charitable gift annuity means a transfer of cash, securities, annuities or other property by a donor to a charitable organization in return for an annuity issued by a charitable organization;

Charitable gift annuity means an arrangement that enables a donor to make an immediate gift and receive income for life for either themselves or a designated beneficiary.