Universities are common beneficiaries, but it can be any qualified charity that has a charitable gift annuity You receive an immediate charitable deduction for a portion of the gift You receive a ...
One option is a charitable gift annuity. After you make a single lump sum donation, the charity sets up an annuity contract. “It’s like getting a pension,” says Simasko. “They’ll pay you ...
“How much do you want to leave to others or to charity? The annuity will give you some level of security by ensuring you won’t outlive your money, but that is very unlikely unless you plan on ...
The charity gets the remainder when you die ... If it is a CRAT (charitable remainder annuity trust), your payments are 5% of the original balance each year. CRUTs offer more flexibility; if ...