A charitable gift annuity provides a fixed lifetime income payment to you as the donor(s), or to one or two life income beneficiaries (annuitants) you may designate. After the death of the annuitant(s), the remainder of the gift goes to the charitable beneficiary(s) you designate.

• A charitable deduction in the year you make the gift
• A portion of the annual income amount tax free for life expectancy of the annuitant(s)
• Fixed payments for life based on the rates from the American Council on Gift Annuities
• Assurance that ongoing investment and gift administration is in accordance with state and federal laws
• Confidence that your gift is invested responsibly in harmony with Friends concerns for peace, the environment, and social and economic justice
• Assurance that the designated Quaker charity or Friends concern will benefit from the charitable remainder

Charitable Gift Annuities carry no direct fees to you or your designated charities. Friends Fiduciary charges the CGA asset pool an annual administrative fee, in addition to investment and bank fees. At the time of termination, Friends Fiduciary retains 10% of the remainder to support the actual expenses and future payment liabilities of the Charitable Gift Annuity program.

Charitable Remainder Trusts

For gifts of $250,000 or more, you may establish a Charitable Remainder Trust. Charitable Remainder Trusts provide a fixed or variable annual income depending on the type of trust. Upon the death of the last income beneficiary, the balance of the trust’s assets is given to the Quaker beneficiaries you designate. If you are interested in having Friends Fiduciary serve as trustee for a charitable trust, please contact us for more information.

Illustrations

Friends Fiduciary can provide you with illustrations, calculations and information on Charitable Gift Annuities and Charitable Remainder Trusts. Please contact us or click here to use our Online Gift Calculator.