Charitable Gift Annuities

HHRF is happy to speak with you about gift annuities and charitable remainder trusts to provide income to you and/or beneficiaries.

Gift Annuities:

The HHRF charitable gift annuity (CGA) is a simple contract between you and HHRF, in which HHRF provides a fixed annual income for one or two people for life, in exchange for a gift of $25,000 or more. Rates are based on the age(s) of the annuitant(s), and you are eligible for a partial income tax charitable deduction in the year the gift is made. The remainder of your gift becomes available to HHRF for the specific purpose you have chosen.

Is a gift annuity right for you?

A CGA is an irrevocable gift, best suited to donors wishing to support HHRF and receive income. Annuitants must be at least 60 years old at the time payments begin.

What assets can be used to fund an annuity?

You can use cash, securities, or a combination to fund your gift. With a gift of appreciated securities, you will avoid the up-front capital gains tax when you establish your gift.

What are the choices for annuity income?

You have three options for annuity payments: immediate; deferred to a specific date; or flexible-deferred, in which you can give now and decide later when to initiate payments.