Charitable gift annuities

A charitable gift annuity is an attractive way for individuals aged 70 years and older to make a donation to The Arthritis Society while receiving a guaranteed income stream for life.

The benefits of charitable gift annuities:

  • an increase in your current after-tax spendable income
  • a fixed and guaranteed income stream, at a rate of return that is higher than that of GICs
  • no investment management required once the annuity is set up
  • a significant portion, if not all, of the income from a gift annuity is tax-free
  • a charitable tax receipt for the donation component for even more tax savings

How charitable gift annuities work

Charitable gift annuities start at a minimum of a $10,000 contribution.

The gift portion (generally 25% of the contribution amount) is used as a donation to The Arthritis Society right away. This donation could fund research, education, programs and services – you direct where the funds will go. You will receive a tax receipt for this generous donation.

The remainder of the contribution amount (75%) is invested in a guaranteed life annuity (from a major insurance company). This provides you guaranteed lifetime income payments at a fixed amount. Depending on your age at the time the annuity is arranged, a substantial portion, if not all, of the annuity income is tax-free. You choose the intervals at which you’ll receive payments throughout the year.

The minimum amount of a charitable gift annuity is $10,000. Joint annuities are available for couples, or you may purchase an annuity for another person, such as a parent or grandparent. CRA guidelines indicate a minimum gift amount of 20%.  The Arthritis Society donors generously gift 25% of the contribution amount.

How to arrange a charitable gift annuity

Please contact The Arthritis Society’s Planned Giving team for a free quote or additional information.  All quotes are confidential and will not place you under any obligation.

"I like knowing I'm going to have a guaranteed income, tax-free, that I can count on for the rest of my life. It's a very good way of looking out for yourself, and it hepls others."

 - Elanor,
   Arthritis Society donor 

Charitable Gift Annuities

If you're 70 years of age or older, yo may want to consider a charitable gift annuity. "I like knowing that I'm going to have a guaranteed income, tax-free, that I can count on for the rest of my life. It's a very good way of looking out for yourself, and it helps others."

~ Arthritis Society donor

Talk to Us

Speak to someone about your giving options.

Sandra Dow
Vice President 
Philanthropic Giving
1-844-979-7228
sdow@arthritis.ca
 
Contact Us