Charitable Gift Annuity (CGA)


Get a lifetime cashflow while benefitting the charity you choose! A Charitable Gift Annuity can be designed to begin paying a cash flow stream to the donor beginning immediately, at a future fixed date, or at a flexible future date. CGA's also provide the donor with the opportunity to leverage "after-tax" income."

How does it work?

A Charitable Gift Annuity is a contract between a charity and a donor that, in exchange for an irrevocable transfer of assets to the charity, the charity will pay a fixed sum to the donor and/or beneficiaries designated by the donor for the lifetime(s) of up to two beneficiaries.

A Charitable Gift Annuity offers a regular fixed income to the donor, while benefitting the charity of their choice during their lifetime. A CGA can be designed to begin paying an income stream to the donor beginning immediately, at a fixed future date, or at a flexible future date. Charitable Gift Annuities also provide the donor with the opportunity to leverage "after tax" income.

Who does it work for?

A Charitable Gift Annuity can be a great solution for donors who have appreciated assets they would like to move outside of their taxable holdings. Donors looking for a steady income stream for themselves or their heirs can also benefit, and may wish to defer the beginning of the income stream to a later date.

The following are a few of the many benefits of a CGA:

  • Reduced Tax Costs: Contributing assets to a CGA qualifies the donor for a charitable tax deduction.
  • Simplicity in Operation: Charitable Gift Annuities are run by organizations and the fixed income is typically backed by the assets in the fund.
  • Charitable Impact and Legacy: Donors selecting a CGA receive a dependable, fixed income while leaving a substantial gift to charity.


Sample Case Stategies for Charitable Gift Annuities

Below are a few examples of how Charitable Gift Annuities have been used in specific financial strategies.


How to Start!


To establish a Charitable Gift Annuity, begin by completing a Renaissance Charitable Gift Annuity Application. The application requires information about the annuitant(s), donor(s), advisor and the asset(s) being used to fund the annuity. Please note that RCF cannot issue Charitable Gift Annuities in some states. View the list of states where RCF can issue CGA's.

Mail the application along with a W-9 and a copy of the driver's license for each donor and annuitant to the Renaissance Charitable Foundation at 8910 Purdue Rd., Suite 555, Indianapolis, IN 46268; or fax to (866) 736-4624.

Our experienced consulting staff is available to assist you throughout the process, including discussing whether a Charitable Gift Annuity fits your specific situation. Call us at (866) 803-0389 and one of our planned giving consultants will gladly guide you through the process of creating a CGA.