Interested in setting up a Charitable Gift Annuity?

At Bright Solutions, we are very happy to support you and your organization where we have professional expertise. Of course, we have a lot of experience with issues that extend beyond our technical practices in the business environment, so we will share what we know (not an opinion but something we can provide an actual documented reference). Whenever we are asked the particular question about Charitable Gift Annuities, we use the American Council on Gift Annuities references as follows :

What is a Charitable Gift Annuity?

A charitable gift annuity is a way to make a gift to your favorite charity, and still receive an income for yourself or others. It is a contract under which a charity, in return for a transfer of cash or other property, agrees to pay a fixed sum of money for a period measured by one or two lives. The person who contributes an asset for the annuity is called the “donor”, and the person who receives payments is called the “annuitant” or “beneficiary.” Usually, the annuitant is also the donor, but this is not always true. The maximum number of annuitants is two, and payments can be made to them jointly or successively.