Charitable gift annuity means a transfer of cash or other property by a donor to a charitable organization in return for an annuity payable over one or two lives, under which the actuarial value of the annuity is less than the value of the cash or other property transferred and the difference in value constitutes a charitable deduction for federal tax purposes, but does not include a charitable remainder trust or a charitable lead trust or other similar arrangement where the charitable organization does not issue an annuity and incur a financial obligation to guarantee annuity payments.

Charitable gift annuity means a transfer of property by a donor to a charitable organization in return for an annuity payable over one or two lives, if the actuarial value of the annuity is less than the value of the property transferred and the difference in value constitutes a charitable deduction for federal tax purposes.

Examples of Charitable gift annuity in a sentence

Charitable gift annuity contracts that are signed during the period of the sustainability challenge grant.
Charitable gift annuity liabilities are computed using standard life expectancy and annuity tables at a 6.0% discount rate.
Charitable gift annuity liabilities are recorded at the present value of the estimated future payments to be made to the donors and are included in accounts payable.
Charitable gift annuity investments are recorded at fair value (see note 2(i)) and are included in investments.
Charitable gift annuity – individual(s) receives a fixed income for life.

More Definitions of Charitable gift annuity

Charitable gift annuity means an annuity that:

Charitable gift annuity means a transfer of cash or other property by

Charitable gift annuity means a transfer of cash, securities, annuities or other property by a donor to a charitable organization in return for an annuity issued by a charitable organization;

Charitable gift annuity means a transfer of cash or other property by a donor or donors to a charitable organization in return for periodic payments by the charitable organization commencing on the date of the agreement or in the future to one or more persons designated by the donor or donors over the lives of such persons;

Charitable gift annuity means a transfer of cash or

Charitable gift annuity means a transfer of cash or other property by a donor to a charitable

Charitable gift annuity means a transfer of cash, securities, annuities or other property by a donor to a charitable organization in return for an annuity payable over one or two lives. Charitable gift annuity does not include a charitable remainder trust or charitable lead trust or other similar arrangement where the charitable organization does not issue an annuity and incur a financial obligation to guarantee annuity payments;