Charitable Gift Annuity


  • A planned giving vehicle where a donor agrees to transfer property or a sum of cash to a registered charity as a gift in exchange for a tax deduction and a lifetime stream of income from the charity in the form of an annuity. When the donor dies, the charity keeps the remaining funds. Also known as a "charitable remainder annuity trust."

Relevant Locations

A form of planned giving.

income stream, charitable remainder annuity trust


Related Terms and Acronyms

  • Gift From a Family Member Definition,
    • A gift of cash, to a mortgage applicant from a relative by blood or marriage, which the applicant is not required to repay. In some instances it is necessary to provide a written statement to that repayment is not required.
  • Marital Deduction Definition,
    • For estate tax and gift tax purposes, a deduction that allows you to transfer assets to your spouse tax-free.
  • Private Annuity Definition,
    • An arrangement where one party agrees to transfer ownership of an asset to another party (usually a beneficiary) in exchange for lifetime payments.
  • Tax Deferred Annuity (TDA) Acronym, Important,
    • A type of annuity where taxes are deferred until the annuitant decides to withdraw money from the annuity.
    More commonly known as a Tax Sheltered Annuity (TSA).
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