charitable gift annuity

Definition of "charitable gift annuity"
  1. 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
How to use "charitable gift annuity" in a sentence
  1. Jake invested into a charitable gift annuity, assuring a steady income for his retirement years.
  2. With a charitable gift annuity, Ava both supported her favorite charity and secured a lifelong income stream.
  3. A charitable gift annuity allowed him to achieve his philanthropic goals while receiving fixed payments throughout his life.

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