The Charitable Gift Annuity


The charitable gift annuity is usually created by The Kidney Foundation of Canada in co-operation with a financial institution from an irrevocable cash donation to the Foundation. The Foundation commits to providing you a fixed annual (or monthly) payment for the rest of your life at a set and guaranteed rate. The remaining portion of your gift will be used to support ongoing Foundation initiatives.

Tax shields for this type of donation are granted according to the instructions of the Canada Customs and Revenue Agency (formerly Revenue Canada). Generally, according to your age at the time of the donation, the income from the annuity is tax free.

Charitable annuities are mainly recommended for people over 70 years of age and require a minimum investment of $ 10,000.

This plan presents several advantages for the donor. While allowing an appreciable increase of the donor's net liquid assets, it provides peace of mind by eliminating the necessity for the donor to manage his investment portfolio and ensures a fixed income for the rest of the donor's life.

Beyond the satisfaction of contributing to a noble cause, you will enjoy the recognition of The Kidney Foundation of Canada in your lifetime.