Charitable Gift Annuities

One way to ensure that the global advocacy work of American Jewish Committee (AJC) endures, while also creating tax-free income for yourself, is to establish a Charitable Gift Annuity with AJC.

A Charitable Gift Annuity (“CGA”) is an agreement between you and AJC which allows you to make a gift to AJC and receive income for life. You can fund a CGA with a gift of cash, marketable securities, or a one-time gift from an Individual Retirement Account (IRA)*. You, your spouse, or another person you designate as life income beneficiary(ies) will receive guaranteed fixed income for life at a generous rate of return.

How it Works:

• Contribute $10,000 or more for an AJC CGA.
• You may be eligible to take a charitable income tax deduction for a portion of your gift.
• A portion of the annual annuity payment is tax free.
• The full value of the gift is removed from your estate.
• The annuity rate is based on the age of the person receiving the income.

Using IRA assets to create a CGA

• If you are 70½ or older you can now make a one-time election of up to $53,000 (in 2024) from your IRA to create a CGA for you and/or your spouse.
• The amount you put in the CGA counts toward your Required Minimum Distribution for that year.
• The annual annuity payment is fully taxable.
• There is no charitable deduction for the asset used to create the CGA.

Rate Chart for Single Life CGA