Charitable Gift Annuity

Receive income today. Make life better for children tomorrow.

A Charitable Gift Annuity (CGA) is one great way to make life better for children while also creating a lifetime of financial security for yourself and a loved one.

This life-income gift is made with a one-time gift to Children’s Medical Center Foundation in exchange for monthly, quarterly or annual payments back to you. At the end of the annuity, all remaining funds from the invested gift will be dispersed to support Children’s Health.

Benefits of a Charitable Gift Annuity

  • Receive fixed payments to you and/or a loved one, for your lifetime(s)
  • Benefit from consistent monthly, quarterly or annual payments
  • Avoid income or capital gains taxes
  • Make life better for children

How a Charitable Gift Annuity Works

  1. You transfer cash or appreciated asset to Children's Medical Center Foundation.
  2. CMCF pays fixed payments to you for life based on a rate determined by your age(s).
  3. You will receive a charitable income tax deduction for the gift portion of the annuity.

Illustration of Benefits of a Charitable Gift Annuity  

Bob and Bettie are 71 and 65 years old, respectively. They believe in the mission to make life better for children, but want to ensure they have an income they can rely on to supplement other sources of income for their own care and lifestyles for the rest of their lifetimes. They create a two-life Charitable Gift Annuity with Children’s Health with a $50,000 donation. Based on their ages and current rate calculations, they will receive an annual payout of $2,500. They benefit from feeling secure today and knowing they will support the future of patient care.

*CGA rates provided in the table represent January 2024 rates. For more up-to-date information on rates today and based on your ages, please reach out to Kelsey.Picken@childrens.com.

Legacy IRA Act

With the passing of Secure Act 2.0, if over the age of 70 ½, you may now transfer a one-time gift of up to $54,000 per donor (adjusted annually for inflation) directly from your retirement account to Children’s Health to fund a Charitable Gift Annuity (CGA).

Get Started Today

Our team of experts is here to help review if you are well-suited to create a CGA, draft complimentary proposals and agreements, and work with our investment partners to make your plans come to fruition.

To learn more about establishing a Charitable Gift Annuity and to receive a customized proposal, please reach out to Kelsey Picken, Director, Legacy & Gift Planning, at Kelsey.Picken@childrens.com or 469-516-7024 today.