A Charitable Gift Annuity is a legal arrangement which you irrevocably transfer cash or securities to our segregated Gift Annuity fund in exchange for our promise to pay you a fixed amount each year for the rest of your life. The amount you receive is determined by the amount of your gift and your age at your nearest birthday at the time of your gift (Single Life Gift Annuity Rates). The older you are when you make the gift, the higher the rate of return. Once your annuity is established your income remains constant. It is not affected by adverse economic conditions.
You receive an immediate income tax deduction which may be taken on your income tax return the year of the gift or in the following 5 years. A portion of your payments are tax-free, also. Contact our office or fill out the information provided below for a free proposal.