How a Charitable Gift Annuity Works

1. The donor establishes a CGA with the Philadelphia Foundation
2. The Philadelphia Foundation pays the donor fixed quarterly income for life
3. The donor gets an immediate tax deduction and some tax-free quarterly payments
4. The remainder supports nonprofits with grants

Donors receive a fixed stream of income for their lifetime, or the lifetimes of up to two people. The annuity program begins at age 60. However, younger donors may defer income until they are 60, and still realize a tax benefit now.

Our quarterly payment rates follow the percentage rates set forth by the American Council on Gift Annuities, which are based upon prudent projections of investment return and life expectancy.