Charitable Gift Annuities
in the Prairie, Sun Prairie, WI
You must be at least 60 years old to qualify for a CGA with the foundation, and payment rates are especially favorable for older individuals. You receive significant tax benefits, including an immediate charitable tax deduction, and a portion of each income payment is considered a tax-free return of principal.
A CGA can be created with an initial minimum gift of $10,000 if the remainder will benefit an existing foundation endowment. An initial minimum gift of $30,000 can be used to create an annuity with the remainder designated to a new endowment fund.
A CGA with the foundation is a particularly useful tool if you wish to support charities that are not licensed to offer gift annuities in Wisconsin by the state Commissioner of Insurance.
For more information about charitable gift annuities, contact Ann Casey
, Vice President, Finance and Planned Giving, at (608) 232-1763. More information on charitable gift annuities can be found on our fact sheet.