Posts by Andrea Preissler
Funding a Charitable Gift Annuity from an IRA
Donors have been asking for years if a charitable gift annuity can be funded from an Individual Retirement Account (IRA). Until Congress passed the SECURE Act 2.0 of 2022, the donor would have to take an IRA distribution, pay the taxes on the distribution, and then fund a gift annuity with the IRA distribution proceeds.…
Read MoreDifferent Types of Planned Gifts
Planned gifts (also known as Legacy gifts) are charitable gifts made today for a future benefit to the charity. Examples of planned gifts are charitable gift annuities, charitable remainder trusts, and bequests in a will. Some of the planned gifts offer the donor a charitable deduction and an income stream. Charitable Gift Annuities (CGA) can…
Read MoreSummary of the 2024 ACGA Conference
This summary details the key takeaways from the American Council on Gift Annuities (ACGA) Conference held in Houston, Texas April 29 – May 1, 2024. Cornerstone Management was the official sponsor. ACGA Gift Annuity Rates Update: Leadership Keynote: Sessions:
Read MoreACGA Increases New Contract Payout Rates Starting January 1st
The American Council on Gift Annuities (ACGA) recently announced that the suggested maximum payout rates will increase for new charitable gift annuity contracts issued beginning January 1,2023. The payout rates of contracts already in place or of new annuity contracts issued prior to January 1st are unchanged. The maximum annuity payout rates will be higher…
Read MoreWhat is a Charitable Gift Annuity?
A charitable gift annuity is a planned gift that allows the donor to make a donation to charity, take a charitable deduction, and receive lifetime payments from the charity. For enterprising donors who want to give to their favorite charity but do not want to outlive their retirement funds, charitable gift annuities provide a perfect…
Read MoreHow to Grow Your Charitable Gift Annuity Program
Has your charity’s gift annuity program gone stale? When was your last charitable gift annuity (CGA) written? In the current economic environment, some charities are busier than ever writing new gift annuities. The donors are excited about gifting funds to their favorite charity, receiving a charitable deduction, and receiving lifetime payments at the same time.…
Read MoreTestamentary Charitable Gift Annuities
Why would a donor want to create a testamentary charitable gift annuity (CGA)? In the past the reasons to create a testamentary CGA were simple – provide for someone like a caregiver with guaranteed retirement income, assist a child or grandchild with poor money management skills, or bless a family friend with retirement or lifetime…
Read MoreBenefits and Care of Flexible Deferred Charitable Gift Annuities
Do something today that your future self will thank you for. -Sean Patrick Flanery Everyone likes flexibility when it comes to financial planning for the future. Charitable gift annuities allow donors to make a gift to a charity, receive an income tax deduction, and receive income for their lifetime. The flexible deferred gift annuity allows…
Read MoreACGA Increases New Contract Payout Rates Starting July 1, 2018
The American Council on Gift Annuities (ACGA) recently announced that the suggested maximum payout rates will increase for new charitable gift annuity contracts issued beginning July 1, 2018. Since the rates have not changed since 2012, charities are very encouraged by the increase in payout rates. The suggested maximum payout rates of contracts already in…
Read MoreTop 10 Oversights with Charitable Gift Annuities
Everyone loves top ten lists. David Letterman perfected the use of the top ten list in his late night shows. Below is a list of the top ten oversights we have seen with charitable gift annuities. Hopefully your organization has never been a participant in anything on this top ten list. Oversight #1: A charitable…
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