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.…

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ACGA 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…

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What 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…

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How 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.…

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Testamentary 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…

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Benefits 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…

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ACGA 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…

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Top 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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Gift Annuity Survey Results

Cornerstone Management is a Registered Investment Advisory firm located in Atlanta, Georgia. For more than 25 years we have provided a turnkey solution for the investment management and administration of planned gifts. We recently conducted an informal survey among our network of clients to see if charitable gift annuity donors also contribute to the issuing…

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State Regulations for Soliciting and Issuing Gift Annuities

Reviewing your gift annuity program periodically to ensure that your organization is compliant with state registration regulations is essential. Many organizations believe they are registered to issue gift annuities in a state because the organization is registered to solicit charitable donations in that state. However, the statutes for the issuance of gift annuities are different…

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