What is CHARITABLE GIFT ANNUITY?

A qualified charitable organization exchanges their revocable transfer of cash or property for the paying of a fixed-sum annuity over the life of one or two persons contributing the cash or property.

More On This Topic



Link to This Definition
Did you find this definition of CHARITABLE GIFT ANNUITY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary