Donors Find Gift Annuities Can Stop Giving
Market Turmoil Saps Ability Of Some Charities to Continue Paying Out Promised Yields
By
Mike Spector
and Shelly Banjo
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May 12, 2009, The Wall Street Journal — It sounds good on paper: You make a donation to a worthy cause and, in return, receive regular lifetime payments. But so-called charitable gift annuities don't always deliver what they promise -- a risk that could intensify if the recession persists.
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