Charitable Gift Annuity

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Ten Commercial Immediate Annuity Applications in Gift Planning: A Case Study Approach

Following Part I of Immediate Annuities and Gift Planning, 10 case studies are presented below to illustrate how immediate annuities can provide solutions in unique charitable...

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Boring Product, Creative Applications

In Part One of a two part series, annuity expert Bryan Clontz gives a brief education on commercial annuities and charitable gift annuities and provides a comparison of the income tax, cash flow and charitable portions of the annuity transaction.

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It's worth the time and effort to get up to speed on CGAs

Charitable Gift Annuities are one of the fundamental building blocks of a good planned giving program. This article is meant to reinvigorate the conversation about this flexible and powerful planning tool.

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11 Aug 2014 | Charitable Gift Annuity | National Publication, Ron Brown | Article | 1 comments
Part 1 of a Series

America fell in love with gift annuities in the 1920s. In their enthusiasm for receiving gifts in exchange for fixed, lifetime payments, too many charities committed avoidable errors. George Huggins proposed a solution based on actuarial science. Over ten...

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The first modern gift annuity contract committed Yale to making fixed payments for the unknowable length of a person's life. Attorney Peter Augustus Jay adapted complex ideas drawn from his experience with life insurance, pensions, and banking for charitable...

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Artist John Trumbull offered to give his best paintings of the American Revolution to Yale in exchange for "a competent annuity for life." Gift planner Benjamin Silliman devoted 18 months to making this proposed gift a reality. His first challenge was securing...

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The Board of Directors of the American Council on Gift Annuities has approved a new schedule of suggested maximum gift annuity rates for gifts established on or after July 1, 2011.

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3 May 2010 | Charitable Gift Annuity | National Publication | News story | 3 comments
The American Council on Gift Annuities board of directors held its semi-annual meeting on April 28, 2010. At the meeting the Rates Committee recommended a new schedule of gift annuity rates effective July 1, 2010.
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The American Council on Gift Annuities (ACGA) conducts a survey every five years to learn the state of charitable gift annuity programs in the United States. The 2009 survey is particularly important. Charities rely on the survey results for evaluating their gift...
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1 Jul 2009 | Charitable Gift Annuity | National Publication | Case study | 8 comments

It was Will Rogers who once said, "I'm not as interested in return on my principal as I am return of my principal. In this case study, Mr. Braun, an 82-year-old widower who is worried about market volatility, learns how he can transfer...

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20 May 2009 | Charitable Gift Annuity | National Publication | News story | 2 comments
The Partnership for Philanthropic Planning and American Council on Gift Annuities have released statements taking strong issue with a May 12 article from the Wall Street Journal entitled
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18 May 2009 | Charitable Gift Annuity | National Publication | News story | 5 comments
The Wall Street Journal continues to report on the collapse of the National Heritage Foundation and its effect on its gift annuity donors. The message is donors and their advisers should scrutinize the financial strength of issuing organizations just as they would any...
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In these tumultuous economic times, no gift vehicle has come under greater investment pressure than the charitable gift annuity. In this exclusive article, PGDC contributing author Bryan K. Clontz, CFP discusses 10 creative applications of how commercial reinsurance...

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4 Feb 2009 | Charitable Gift Annuity | National Publication | News story | 14 comments
On January 24, 2009, the National Heritage Foundation filed for Chapter 11 bankruptcy in federal court citing a $6.2 million court judgment in connection with a charitable split-dollar life insurance case as its largest single outstanding debt and numerous charitable...
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9 Jan 2009 | Charitable Gift Annuity | National Publication | News story | 1 comments
The Board of Directors of the American Council on Gift Annuities (ACGA), at a called meeting on December 29, 2008, approved a recommendation from the Rates Committee to reduce the expected return assumption from 5.75% to 5.25%. A new rate schedule has been developed...
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According to an online report by the Chronicle on Philanthropy, the American Council on Gift Annuities on December 29th voted to urge charities that issue charitable gift annuities to lower both the annuity rates they pay annuitants and the amount of interest that...
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Writing on behalf of the American Council on Gift Annuities, Lindsay Lapole and Frank Minton have announced the State of New York has issued new reserve requirements for charities that issue charitable gift annuities in New York.
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At its April 2, 2008 meeting, the ACGA Rates Committee has recommended and the ACGA board approved a new, lower schedule of gift annuity rates for immediate gift annuities, effective on July 1, 2008. In addition, the deferred gift annuity rates which became effective...
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What exactly is charitable gift annuity reinsurance? Who better to answer this question than charitable gift annuity risk management specialist and PGDC Editorial Board member Bryan K. Clontz? In this article, Bryan answers this and nine other follow-up questions...

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California Governor Arnold Schwarzenegger recently signed legislation to amend the provision in the California Insurance Code which restricts the asset classes in which California gift annuity reserves may be invested. In this article, Los Angeles attorney David...
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Define: Charitable Gift Annuity

A charitable gift annuity is described generally as a transaction in which an individual transfers cash or property to a charitable organization in exchange for the charity's promise to make fixed annuity payments to one or two life annuitants.

Recent activity

Immediate Annuities and Gift Planning - Part One

Calculating Gifts: George A. Huggins and the Conferences on Annuities, 1927-1959

Case Study: Utilizing Gift Annuities to Help Older Donors Provide for Future Needs

ACGA Issues New Suggested Gift Annuity Rates

National Heritage Foundation Files for Bankruptcy: Gift Annuitants Among Largest Creditors

ACGA and PPP Respond to WSJ Article Re: Gift Annuities

Heard on the Web: Donors Find Gift Annuities Can Stop Giving