charitable gift annuity
- An agreement where a person transfers assets to a charity and in exchange, the charity promises to provide a fixed, lifelong income to the donor, potentially with tax benefits
- Jake invested into a charitable gift annuity, assuring a steady income for his retirement years.
- With a charitable gift annuity, Ava both supported her favorite charity and secured a lifelong income stream.
- A charitable gift annuity allowed him to achieve his philanthropic goals while receiving fixed payments throughout his life.
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