FAQs
How does a gift annuity work?
In return for your contribution, and pursuant to a signed agreement, the Raymond James Charitable Endowment Fund agrees to make fixed payments for life.
Who may receive the annuity payments?
While typically the donors name themselves, an annuity can also be established to benefit others, such as a parent, sibling or adult child (at least 55).
What will the amount of my payments be?
The annuity payments will be determined at the time the annuity is entered into, and will be based on the age(s) of the annuitant(s) at that time. Please refer to the Annuity Rates section of this website.
After I establish a charitable gift annuity, may I later withdraw the money?
No. All gifts are irrevocable; however, you may change your mind about the ultimate beneficiary.
Are there tax advantages with a gift annuity?
Yes. The donor receives a charitable deduction in the year of the gift. In addition, a portion of the annuity payments will be tax free, representing a return of the principal contributed.
Can I contribute securities for a gift annuity?
Yes. In fact, contributing highly appreciated securities which you have held for more than 12 months offers additional tax savings. The donor pays no tax on the capital gain attributable to the charitable gift portion of the contribution. If the donor is an annuitant, the gain attributable to the annuity payments does not need to be recognized in the year of the gift but can be reported ratably over life expectancy.
Will Raymond James Charitable Gift Annuities be available in all states?
No. Raymond James does not issue gift annuities in Alabama, Arkansas, California, Hawaii, Maryland, North Dakota, New Jersey, New York, Washington and Wisconsin.
