Ann Arbor Area Community Foundation

Charitable Gift Annuities (CGAs)

You transfer your cash or appreciated property to our organization in exchange for our promise to pay you fixed payments (with rates based on your age) for the rest of your life. Learn more here about how Charitable Gift Annuities (CGAs) work.

Four Easy Steps to Complete Your Charitable Gift Annuity

Request an Illustration by completing an Illustration Request Form provided to you by the Foundation. Your illustration will be returned to you quickly and will include information such as annuity rate, estimated charitable tax deduction, and the likely taxation schedule of your annuity payments.

Review the Illustration and the disclosure statement provided to you with your personal financial, tax, and legal professionals.

Complete Your Gift by contacting the Foundation at 734-663-0401. The Foundation can provide details for you to make your gift and will begin to prepare final documents.  

  • ­GIFT OF CASH
    Your contract will be established on the date your check or wire transfer is received by the Foundation. Once the date of your gift is known, all contract paperwork can be established in advance of making your gift.
  • ­GIFT OF MARKETABLE SECURITIES
    The Foundation will provide you or your financial advisor appropriate Transfer and Delivery Instructions to make your gift. The precise value of your gift will vary based upon the median value of the high and low trading price on the date of transfer. Final paperwork can only be produced subsequent to valuing your gift – information usually available the next business day. 

Sign and complete the documents. You will need to provide the following information in order to complete your charitable gift annuity contract and ensure accurate delivery of annuity payments and an annual 1099R tax statement.

  • SOCIAL SECURITY NUMBER/IRS Form W9
  • ­COST BASIS INFORMATION for gifts of marketable securities (if applicable)
  • ­ACH DEPOSIT INFORMATION (optional) if you wish your annuity payments to be directly deposited into your preferred account

This information, as well as any illustrations or calculations provided by the Ann Arbor Area Community Foundation, is intended to provide basic information regarding charitable gift annuities issued by the Foundation and is not intended to serve as legal advice. The Foundation strongly encourages all donors to consult with their own legal and/or financial advisor about the applicability of such a gift to their own personal circumstances.

Download this four step checklist as a PDF for future use.