What is our Best Kept Charitable Tool?

Charitable Gift Annuities: Our Best Kept Charitable Tool

How Does a CGA Work?

CGA Quick Facts:

More than $3 billion in CGA assets are held by more than 4,000 nonprofits in America today.

Only organizations with a strong financial balance sheet should be considered when exploring CGA options.

Donor benefits from payments that may be partially tax free.

Donor receives a charitable income tax deduction for the charitable gift portion of the annuity.

Many older donors who are living on a fixed income believe volunteering with their favorite nonprofit is their only option when it comes to being charitable. But, a charitable gift annuity (CGA) could be the perfect charitable solution, allowing donors to be philanthropic while still receiving guaranteed income for the remainder of their life.

Only organizations with a strong financial balance sheet should be considered when exploring CGA options. Why? CGAs are not backed by an insurance product but rather the assets of the charity. The Oklahoma City Community Foundation’s assets are more than $1.2 billion, making us a leading candidate in Oklahoma for donors considering establishing a CGA.

Donors can use their CGA established at the Oklahoma City Community Foundation to benefit a variety of charitable funds, including:

a scholarship fund
a field of interest fund
a charitable organization endowment fund
a donor advised fund
a combination of any of the above

For your older clients who want to be charitable but still need a guaranteed income, a CGA could be the answer to their dreams. Contact Joe Carter today at 405/606-2914 to learn more!