Chapter 20. Charitable gift annuities
“If I am not for myself, who will be for me? If I am not for others, what am I? And if not now, when?” | ||
| --Rabbi Hillel | ||
Philanthropically inclined people looking for the guaranteed lifetime income of an annuity might well consider a charitable gift annuity. Many charities, such as the Red Cross or the Salvation Army, prominently feature charitable gift annuities as a major fund-raising activity that is seen by them as presenting a win-win situation whereby the individual gets income for life while the charity ultimately is the beneficiary of a substantial charitable gift.
Instead of purchasing an annuity from an insurance company, with a charitable gift annuity you buy the annuity directly from the charity. ...
Get The Truth About Buying Annuities now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
