Doing Good and Doing Well
Employing reverse mortgages and gift annuities can help planned-giving officers guide elderly donors into mutually beneficial arrangements.
Gift annuities and reverse mortgages
GAs are contracts between a charitable entity and a donor (also called an annuitant) to exchange an asset for income. The donor irrevocably contributes cash or a marketable asset in exchange for an income stream that is actuarially calculated. The older the donor, the greater the rate.
- People:
- Steffan F. Cress
- Places:
- Tampa, Fla.
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