January 15, 2009
Group Urges Change in Gift-Annuity Payouts to Donors
Responding to changes caused by the economy, a key nonprofit umbrella group has recommended that charities lower the amount of money that donors receive in exchange for creating charitable gift annuities.
To take out an annuity, donors turn over cash, stock, or other assets to a charity; the charity then invests the assets and makes regular, guaranteed payments to the donor or another person named by the donor until that person's death. After the donor or survivor, if any, dies, the
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
