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, 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

Of the 21306 villages allotted for FI of the State, a total of 13734 villages have been covered through BCAs/CSCs and 2202 villages through USBs whereas 9741 villages have been covered through branches, as on 30.09.2015.Financial Literacy and Credit Counselling Centres (FLCCs) have been opened by respective lead banks in 20 districts.
Charitable gift annuity amounts payable are estimated through September 2046.
Henson …………………………… Kenneth M Henson ‘47 Law School Scholarship …… Charitable gift annuity Eric M.
John Herbst March 7, 1995.—HEARING: THE MEXICO ECONOMIC SUP- PORT PROGRAM 10:06 a.m.–12:31 p.m., 2172 Rayburn, wit- nesses: Hon.
Charitable gift annuity agreements will not be written at ROCHESTER for annuities that span more than two generations (e.g. Donor and child).

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 an agreement by a charitable organization to make periodic

Charitable gift annuity means a transfer of cash or

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 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;