Gift Annuities Benefit Donors, Nonprofits

A gift annuity is typically structured with funds of at least $10,000.

Payments can go to one person for the individual's lifetime, or for a slightly reduced rate, to two people in succession. For example, if a husband and wife fund a charitable annuity the charity would continue to make payments until both spouses pass on. Donors may also fund a charitable gift annuity for another family member, such as a parent or ill sibling.