What are the tax and income advantages of a charitable gift annuity with the Province?
A. At a time of low interest rates, a charitable gift annuity with the California Province offers guaranteed income to donors at attractive rates. By transferring cash, stock, or real estate to the Province in exchange for a charitable gift annuity, donors receive guaranteed fixed payments for life. Payments are determined according to the annuitant’s age. Donors also enjoy an immediate charitable income tax deduction and partial bypass of capital gains. In addition, part of their annuity payment is tax-free.
