If you’re currently drawing income or plan to do so, a Charitable Gift Annuity (CGA) or Charitable Remainder Trust (CRT) is a wise, powerful, and proven way to receive income during your lifetime in a tax-advantaged way, while providing for the future of vulnerable children.
Generally speaking, with a CGA or CRT, you use cash or marketable securities to make an irrevocable donation. In return, you receive payments for the remainder of your life or the life of you and another person, while receiving a current tax-deduction for the expected value of your future gift. After your passing, this gift supports orphaned and vulnerable children.
As these financial tools can be complex, please check with your financial planner or qualified estate planning attorney for the option that is best for you. If we can serve you or be of any assistance, please let us know.