When you donate through annuities, like a charitable gift annuity, you will receive guaranteed annual payments throughout your lifetime. The portion of the gift not required for purchase of the annuity is retained by the NIC Foundation and gives you an immediate tax benefit.
With a charitable gift annuity, a portion of your contribution is used to purchase an annuity for you while the remainder goes directly to the NIC Foundation as a gift.
Our website information is intended as a general overview only and not as legal or tax advice.
Please consult with a qualified professional advisor to determine the best strategy for your situation.