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Vice President of Development & Donor Relations
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Life income gifts allow you to leave your legacy in the care of the California Community Foundation, while earning income for yourself during your lifetime. The two most popular life income gifts are charitable remainder trusts and charitable gift annuities.
Charitable Remainder Trusts (CRTs)
A Charitable Remainder Trust (CRT) is a planned giving vehicle that provides immediate tax benefits and is structured to generate lifetime income for specified beneficiaries (including yourself). Upon a donor's death, the "remainder" of the trust’s assets are transferred to a beneficiary nonprofit organization. CCF offers various types of CRTs.
Read more about the benefits of a CRT and the management services that CCF offers with it:
Charitable Remainder Trust Fact Sheet
Charitable Gift Annuities (CGAs)
A charitable gift annuity is a contract between a donor and an organization – in this case, the California Community Foundation – where a donor contributes a certain amount of money or stock and CCF guarantees the donor receives an annual payment according to the terms of the CGA.
As one of its many philanthropic services, CCF partners with nonprofit organizations wishing to offer gift annuities as a tool to build their endowments. CCF takes on all fiduciary obligations with respect to payment of the annuity and we make payments out of the fund. This is especially useful for nonprofits because many cannot afford the cost and burden of the license to offer gift annuities.
Charitable Gift Annuity Services for Nonprofit Organizations
Charitable Gift Annuity Factsheet