Charitable Gift Annuities

The Charitable Gift Annuity is one of the best financial planning and estate planning opportunities to emerge in recent years. Thousands of caring people like you are enjoying extremely favorable tax benefits, a guaranteed stream of income, and the security of knowing that the causes they care about today will be supported forever. In today’s economic climate, Charitable Gift Annuity rates look especially attractive.

A Charitable Gift Annuity is a simple contract between you and your chosen charity. You make a one-time tax-deductible gift of cash or marketable securities. Your charity invests that contribution, manages it, and pays you fixed payments for life. A second person may be named as a successor annuitant.

The amount of each annuity payment is determined by rate tables published by The American Council on Gift Annuities. These payments depend upon the number of annuitants and their age(s), when the payments are to begin, and the return generally available on conservative investments.

Upon the death of the annuitant(s), the portion of the gift that has not been used to make annuity payments (the “remainder”) goes into your charitable fund to benefit the causes you care about.

You can establish a Charitable Gift Annuity with a gift of $10,000 or more. Annuitants must be at least 60 years old, although we accept gifts from younger donors to create deferred Charitable Gift Annuities under which annuity payments commence when the annuitants reach either age 60 or a later age that they choose.

Trust Counselors Network will work with you to tailor a Charitable Gift Annuity that matches your financial and tax situation with your charitable interests.We invite you and your financial advisor to contact us for particulars.

Rates for Charitable Gift Annuities*

Single Annuitant   Two Annuitants
Age Rate   Age Rate
60 5.7%   60/65 5.5%
65 6.0%   65/70 5.7%
70 6.5%   70/75 6.1%
75 7.1%   75/80 6.6%
80 8.0%   80/85 7.3%
85 9.5%   85/90 8.4%
90 11.3%   90/95 10.1%

*(Rates in effect at time of publication. Rates subject to change by American Council on Gift Annuities).

How does a Charitable Gift Annuity work?

Mary Simpson, age 75, transferred $10,000 to Trust Counselors Network and signs an agreement creating her Charitable Gift Annuity.

Contribution: $10,000
Income tax charitable deduction: $4,148

She receives an immediate income tax deduction of $4,148. This results in tax savings in the year of the gift.

Charitable Gift Annuity Payments of $710/year

She will receive guaranteed annual payments of $710 per year for life. A portion of the payments will be tax-free return of capital.


At the end of her life, the remaining assets will go to her charitable fund to benefit the causes she cares about – forever.

Family Foundations

Trust Counselors will assist you in establishing your own Family Foundation, so that the remaining assets can be placed in your Family Foundation. This leaves a legacy for your heirs to have an endowment to serve the needs of your community in any way that you, or they, see fit. The Family Foundation is one of the best kept secrets in estate planning. You and your heirs can direct the use of the funds in your foundation, and even work for the foundation in service to the community.

Trust Counselors Network, Inc. is excited to be able to offer a new way to support the causes you care about! Because Charitable Gift Annuities may be new to many people, we have provided answers to frequently asked questions below. We think you will be impressed by the many advantages a Charitable Gift Annuity offers.

How does a Charitable Gift Annuity work?

In return for the donor’s contribution, and pursuant to a signed agreement,Trust Counselors Network will establish the program for you whereby the charity, which could be the National Heritage Foundation or even Trust Counselors Network, agrees to make fixed payments to the donor for life. Upon the death of the donor, the remainder of the Charitable Gift Annuity will be added to an endowment fund created especially for the donor to benefit the causes the donor cares about! Remember, the charity could eventually be your own Family Foundation.

Who may receive payments from the annuity?

Payments may be made to up to two beneficiaries (also called annuitants). While typically the donors name themselves as beneficiaries, an annuity can also be established to benefit others such as a parent or sibling.