The gift annuity is perhaps the simplest and most popular charitable life-income arrangement. Basically, a gift annuity is a contract between the donor and the school. In exchange for a gift of cash or marketable securities, the school will pay you or you and a second beneficiary a guaranteed, fixed income for the rest of your lives. Annuity rates and income-tax deductions are determined by the annuitant’s age. A portion of each annuity payment is tax-free for your expected lifetime. Click here for additional information on charitable gift annuities.
For additional information, please contact the Director of Development, Myrna Morgan at 260-436-8786 or mmorgan@canterburyschool.org.
