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Deferred Charitable Gift Annuities

A Deferred Charitable Gift Annuity (CGA) allows younger donors and annuitants to defer the start of payments until they have reached retirement age. As with donors of regular CGA’s, deferred CGA donors can take a charitable income tax deduction in the year the gift is made. Often that deduction is higher the longer the payment is deferred. Since payments are deferred, designated annuitants will also receive substantially higher income payments later. This type of gift works best for donors still in high-income years, between the ages of 40 and 60, who are focused on the income tax deduction available and the promise of retirement income. MCHT will not begin payments until the annuitant or annuitants reach age 60. Once payments begin, the deferred CGA performs just as a regular CGA, by providing a guaranteed stream of income.

Deferred-payment Annuity Rates
Contribution Age Income begins at Rate
50 65 7.5%
55 65 6.4%
60 65 5.5%
65 70 5.9%

To request a personal illustration, please contact David Warren, Planned Giving and Major Gifts Officer. All illustrations and conversations will be done on a strictly confidential basis.