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.
Hear from Elanor about donating charitable gift annuities
"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."
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.