Oregon Charitable Gift Annuity

• Category: Gifts - Donations
• State: Multi-State
• Control #: US-1340742BG
• Format: Word; Rich Text

Description

A charitable gift annuity is a gift vehicle that falls in the category of planned giving. It involves a contract between a donor and a charity, whereby the donor transfers cash or property to the charity in exchange for a partial tax deduction and a lifetime stream of annual income from the charity. An Oregon Charitable Gift Annuity (CGA) is a unique philanthropic tool that allows individuals to make a charitable donation to an organization while simultaneously providing themselves with a reliable source of income. Gas are established by making a transfer of cash, securities, or other assets to a charity, in exchange for a contract that guarantees fixed payments for life. One notable benefit of an Oregon CGA is the favorable tax treatment it offers. Donors can enjoy an immediate income tax charitable deduction for a portion of their gift. Additionally, a portion of the annual annuity income is tax-free, and the capital gains tax on appreciated assets used to fund the annuity may be reduced. There are several types of Oregon Charitable Gift Annuities that donors can choose from, based on their specific goals and circumstances: 1. Standard Gift Annuity: This is the most common type of CGA, where donors make an irrevocable gift to a charity and receive fixed payments for life, based on their age at the time of the gift. 2. Deferred Gift Annuity: With a deferred CGA, donors choose to defer their annuity payments to a future date. This option is beneficial for those who may not need immediate income but want to lock in a higher payment rate for the future. 3. Flexible Gift Annuity: A flexible CGA allows donors to design a customized annuity, tailoring the payment schedule to their specific needs. They have the freedom to choose when the annuity payments begin and how often they are made. 4. Two-Life Gift Annuity: This type of CGA provides income for the donor and their chosen beneficiary, typically a spouse or partner. Payments continue until both individuals pass away. Two-life Gas are ideal for couples who want to support a charity while ensuring income security for both themselves and their loved ones. Oregon Charitable Gift Annuities provide donors with an opportunity to make a lasting impact through philanthropy, while also enjoying financial security. By understanding the different types of Gas available, individuals can select the option that best aligns with their charitable goals and personal financial plans.

An Oregon Charitable Gift Annuity (CGA) is a unique philanthropic tool that allows individuals to make a charitable donation to an organization while simultaneously providing themselves with a reliable source of income. Gas are established by making a transfer of cash, securities, or other assets to a charity, in exchange for a contract that guarantees fixed payments for life. One notable benefit of an Oregon CGA is the favorable tax treatment it offers. Donors can enjoy an immediate income tax charitable deduction for a portion of their gift. Additionally, a portion of the annual annuity income is tax-free, and the capital gains tax on appreciated assets used to fund the annuity may be reduced. There are several types of Oregon Charitable Gift Annuities that donors can choose from, based on their specific goals and circumstances: 1. Standard Gift Annuity: This is the most common type of CGA, where donors make an irrevocable gift to a charity and receive fixed payments for life, based on their age at the time of the gift. 2. Deferred Gift Annuity: With a deferred CGA, donors choose to defer their annuity payments to a future date. This option is beneficial for those who may not need immediate income but want to lock in a higher payment rate for the future. 3. Flexible Gift Annuity: A flexible CGA allows donors to design a customized annuity, tailoring the payment schedule to their specific needs. They have the freedom to choose when the annuity payments begin and how often they are made. 4. Two-Life Gift Annuity: This type of CGA provides income for the donor and their chosen beneficiary, typically a spouse or partner. Payments continue until both individuals pass away. Two-life Gas are ideal for couples who want to support a charity while ensuring income security for both themselves and their loved ones. Oregon Charitable Gift Annuities provide donors with an opportunity to make a lasting impact through philanthropy, while also enjoying financial security. By understanding the different types of Gas available, individuals can select the option that best aligns with their charitable goals and personal financial plans.