charitable gift annuity

charitable gift annuity
A contract with a charity under which someone transfers assets to the charity in return for a promise to receive fixed payments for life (or, commonly, for the life of the donor and the donor's spouse). The donor can take an income tax deduction for part of the value of the assets given to the charity. Payments are based on how much is donated and the age of the recipients (called annuitants or beneficiaries).These annuities provide a way to make a gift to a charity, often a university, and receive income for life.
Category: Wills, Trusts & Estates → Estate Tax

Nolo’s Plain-English Law Dictionary. . 2009.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Charitable Gift Annuity — A Charitable Gift Annuity is a gift vehicle that falls in the category of Planned Giving. It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction… …   Wikipedia

  • Charitable Gift Annuity — A type of gift transaction where an individual transfers assets to a charity in exchange for a tax benefit and a lifetime annuity. As with any other lifetime annuity, when the beneficiary dies, the annuity payments are stopped, and the charity… …   Investment dictionary

  • Charitable Remainder Annuity Trust — A type of gift transaction in which a donor contributes assets to a charitable trust which pays an annuity designed to leave a substantial proportion of the funds to charity upon termination of the annuity. The tax consequences of this… …   Investment dictionary

  • Charitable Remainder Annuity Trust — A Charitable Remainder Annuity Trust, is a Planned Giving vehicle that entails a donor placing a major gift of cash or property into a trust. The trust then pays a fixed amount of income each year to the donor or the donor s specified beneficiary …   Wikipedia

  • charitable remainder trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable remainder trust …   Law dictionary

  • Charitable trust — Wills, trusts and estates …   Wikipedia

  • Charitable remainder unitrust — Part of a series on Taxation Taxation in the United States …   Wikipedia

  • Planned giving — is an area of fundraising that refers to several specific gift types that can be funded with cash, equity, or property. These gift vehicles are commonly based on United States tax law, but Canada, the United Kingdom, and other nations are… …   Wikipedia

  • CGA — may stand for: Crew Golf Association California s Great America Casual Games Association Central Government Accounts, an organization in the UK government Central of Georgia Railway Centro de Gestión Avanzado (Advanced Management Centre), an… …   Wikipedia

  • Paul Kurtz — Born December 21, 1925 (1925 12 21) (age 85) Newark, New Jersey, United States …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”