Gift Annuity

What is gift Annuity?

American Council on Gift Annuities

ACGA describes a gift annuity:

A Gift Annuity (also referred to as a "charitable Gift Annuity" or "CGA") is a contract (not a "trust"), under which a charity, in return for a transfer of cash, marketable securities or other assets, agrees to pay a fixed amount of money (payment) to one or two individuals, for their lifetime, not a term of years, except in the instance of the "College (Tuition) Annuity"

The website address for ACGA is: http://www.acga-web.org.