Another planned gift that is growing in popularity are “Charitable Gift Annuities,” (CGAs). With a Charitable Gift Annuity, a donor makes a gift to the Community Foundation and receives a guaranteed income for life. Upon the donor’s passing, the remaining funds from their gift will benefit the nonprofit or faith-based organizations of their choice.
Charitable Gift Annuities may be established by individual donors directly with the Community Foundation. In addition, those nonprofit organizations that have established nonprofit partner endowment funds with the Foundation may also offer Charitable Gift Annuities to their donors through the Community Foundation.
There are also other instruments available establishing planned gifts to charity.
For more information about how you may “Create A Lasting Legacy”, contact the Community Foundation at 410-742-9911.
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