Gift Annuities


Gift annuities can augment the financial and estate plans of donors of retirement age and beyond. Under the terms of a gift annuity, a donor transfers assets to the Foundation while receiving fixed payments for life and/or the life of another. The payout rate and charitable income tax deduction varies with the age of the donor or other income beneficiary.

Example: In honour of her 50th Reunion, Mrs. Ricks contributes $10,000 in cash to fund a charitable gift annuity. Now age 72, she receives fixed annual payments of 8 percent, or $800 per year, for her lifetime and a charitable tax deduction in the year of her gift. Additionally, a portion of the annuity payment will be tax free for a number of years.

Minimum gift: $10,000