Gift Annuities Benefit Donors, Nonprofits
By
Shelly Banjo
and Kristen Mcnamara
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When funding a charitable gift annuity, donors make a gift of cash, securities or other assets to a charity. In return charities pay donors a fixed amount for their lifetime. The remainder goes to the charity.
Most organizations don't charge fees and a document can be drawn up fairly easily, planned giving experts say.
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Shelly Banjo
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