Giving a Charitable Gift Annuity. From: Kiplinger's Ask Kim Web Column | Date: May 22, 2006 | COPYRIGHT 2006 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Kimberly Lankford, Kiplinger Washington Editors

I received information from the American Cancer Society about buying a charitable gift annuity, which could benefit the organization and give me income. Is this a good idea?

It depends on your goals. A charitable gift annuity won't give you the highest payout, but it will help you support a charity, receive lifetime income and get some big tax breaks, too. It's a way to give money to a charity now rather than waiting until after you die.

Most charities, including the American Cancer Society, use standard rates ...

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