Downloads

Introducing Charitable Gift Annuities
How a Charitable Gift Annuity Works
FAQ: Charitable Gift Annuity Questions Answered
Policies and Procedures
Contract Sample - One Life
CGA Addendum
Rates:  Individual & Couple (visit http://acga-web.org for more information)

*Nonprofit Organizations -- Charitable Gift Annuities benefit you and your donors!  Our program offers a way to provide this service for your donors without the administrative burden or risks of launching your own program.  Check out the downloads to learn more.

Did you know that you can support the community you love while also receiving stable income and tax savings?

By donating assets like cash or appreciated securities to fund a charitable gift annuity, you receive income for yourself or you and another-- for life.  Best of all, you make a lasting gift to the nonprofit organization or cause of your choice. 

Charitable gift annuities are contracts between you and the Community Foundation that provide you with a guaranteed income.  When the contract ends, the charitable gift annuity establishes a permanent fund at the Foundation to benefit the causes or organizations you have chosen. 

Here’s how it works:  Mr. and Mrs. Stoltzfus have lived in Lancaster County all of their lives.  They are both in their 70’s and believe strongly in farmland preservation.  After discussion with their tax advisor, the Stoltzfus’ establish a $25,000 charitable gift annuity with the Community Foundation.  The charitable gift annuity provides a steady stream of annual income at a fixed rate for the rest of their lives.  In addition, the Stoltzfus’ receive an immediate charitable tax deduction for their gift and a portion of the annual income is tax-free.  After their lifetimes, the balance of the Stoltzfus’ gift establishes a permanent fund at the Foundation that provides for farmland preservation education programs on an ongoing basis – preserving their legacy of caring for county lands.

A charitable gift annuity is less complex than a trust and much easier to establish.  “It is a win-win scenario.  They’re a great way to support yourself, your loved ones, and your favorite charities at the same time,” says Kim Shorter, Community Foundation VP of Asset Development.

To learn how to set up your own charitable gift annuity, or if you are a nonprofit that would like to hear more about how the program works, call the Community Foundation at 717-397-1629.  Stay tuned for information about our upcoming webinar and launch events!

*The maximum rates offered will be those established by the American Council on Gift Annuities; www. http://www.acga-web.org/giftrates.html.  Gift annuities can be funded with a minimum of $10,000 in cash or publicly traded securities.

A Charitable Gift Annuity at the Lancaster County Community Foundation lets you support the causes you care about and receive guaranteed income for life.

To find out more, call Kim Shorter at 717-397-1629.