In a typical charitable gift annuity (CGA) transaction, an individual (the donor) transfers cash or appreciated marketable securities to a charity, and the charity agrees in return to pay the donor a life annuity. The annuity is called a gift annuity because the initial present value of the annuity (PVA) is less than the fair market value (FMV) of the asset transferred, and thus the transaction has a gift element.1
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]
0 comments
Hide comments
