Charitable Gift Annuity
A Charitable Gift Annuity (CGA) can provide an immediate or deferred
income for the life of one or two designated individuals, (a portion
of the income may be tax-free), will generate an income tax deduction
for the donor, and allows the remaining assets to be used to support
your favorite charities and/or charitable causes. CGAs are backed
by the full faith and credit of The San Diego Foundation.
A Charitable Gift Annuity is a contract between the donor(s) and
The San Diego Foundation, whereby The Foundation agrees to make
payments for the life of one or two designated individuals. We offer
immediate CGAs to individuals 55 and over and deferred CGAs to individuals
45 and over. The annuity rate varies positively with age. The minimum
contribution to a Charitable Gift Annuity is $25,000. After the
lifetime(s) of the donor(s) the remaining assets are used to support
the donor(s) favorite organizations or charitable causes.
A CGA is ideal for the donor who wishes to receive an annuity for
life in exchange for a contribution to benefit the community and/or
has an appreciated, liquid asset yielding a low return, but is reluctant
to sell the asset and reinvest because of capital gains tax exposure.
Cash may also be used to create a charitable gift annuity.
Sample Current Gift Annuity Rates*
|
Age Annuity
Established
(One Person) |
Payment Rate |
|
55 |
5.5% |
|
65 |
6.0% |
|
75 |
7.1% |
|
85 |
9.5% |
|
90 and over |
11.3% |
|
Age Annuity
Established
(Two Persons) |
Payment Rate |
|
55 & 57 |
5.0% |
|
65 & 67 |
5.7% |
|
75 & 77 |
6.4% |
|
85 & 87 |
8.1% |
|
95 and over |
11.1% |
*Rates effective 6/1/03; subject to change.
Please contact us at legacy@sdfoundation.org
to learn more about establishing a Charitable Gift Annuity. Or call (619) 235-2300 for more information. Certain
restrictions may apply.
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