A Charitable Gift Annuity (CGA) is a contractual agreement between the Unitarian Universalist Association (UUA) and one or two donors. A CGA pays a fixed dollar amount to one or two people for life.
The rate of payment is set when the gift is made and depends on the age of the person or persons receiving payments. Older persons are paid a higher rate than younger ones. Donors may choose to receive payments immediately upon making a gift, or delay the first payment for a year or more and enjoy a higher payment.
Donors may take a charitable tax deduction in the year the gift is made.
For more information contact giftplans @ uua.org.
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Last updated on Friday, November 21, 2014.
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