Charitable Gift Annuity
The Sacramento Region Community Foundation is proud to offer charitable giving options that benefit nonprofits in our region and the individuals who support them. Charitable Gift Annuities (CGA's) enable donors to support a charity, while receiving an income from that gift—guaranteed for their lifetime. CGA's also offer donors an immediate income tax deduction, and the satisfaction of supporting an organization they care about, while accomplishing their financial goals.
The Foundation is licensed by the California Department of Insurance to offer CGA's, and is extending that license to other nonprofit organizations in the region so that they can offer CGA's to their donors. Local nonprofits can build their endowment funds, and offer their donors a unique gift option.
How it Works
Your donor contributes their asset to a CGA with the Foundation. The donor then receives an immediate income tax deduction and a guaranteed lifetime income with a payout rate based on their age. When the donor passes away, the remainder of the CGA is contributed to an endowment fund at the Foundation which benefits your organization!
There is a simple application that needs to be completed to become a nonprofit partner in the Foundation’s CGA program. For an application and more information, please contact Shirlee Tully, Chief Marketing and Development Officer at 916-921-7723 or shirlee@sacregcf.org.