Charitable Gift Annuity
"Establishing a CGA allows us to help other people."
Larry and Dorothy Saunders
A charitable gift annuity is a simple agreement between you and Dana-Farber Cancer Institute. In exchange for your irrevocable gift, Dana-Farber will pay you or another person you choose an annual fixed income for life.
The annuity rate is determined by the age of the annuitant(s) at the time the gift is made. The minimum contribution required to establish a charitable gift annuity is $10,000. The annuity rate table provides examples of annuity rates at specific ages.
Benefits to Donors:
A fixed annual income for you and another person you choose for life.
- Immediate federal income tax deduction for the gift portion of the annuity.
- Partially tax-free income, increasing your overall return.
- Avoidance of a portion of the capital gains tax when you fund the annuity with long-term appreciated securities.
- No cost to you - gift annuities are administered by Dana-Farber.
- Membership in the Dana-Farber Society.
