Individuals are able to make a gift of cash or marketable securities through HighGround Advisors for the benefit of charitable causes using a contractual agreement known as a qualified charitable gift annuity. The donor is guaranteed a set amount – an annuity – for life, and also receives a current income tax charitable deduction. The amount of the annuity is based upon the age of the income beneficiary or beneficiaries.
Please be aware that charitable gift annuities are regulated at the state level. Therefore, the laws and regulations governing the issuance of charitable gift annuities vary from state to state. HighGround Advisors will provide you with state-specific information in compliance with the laws of your state prior to issuing any charitable gift annuity.