Plans of Giving Income Payment Basis Frequency of Payment to Donor Taxation of Income Income Tax Deduction for Gift Advantages to Donor Value to Charity Gift Annuity Agreement Based on tables of the American Council on Gift Annuities or on rates prepared by a qualified actuary Annually or more frequently A portion is reportable by beneficiary as income.
Balance is tax-free for the life expectancy of the annuitant.
The difference between the fair market value of the initial gift amount and the actuarial cost of the annuity. Normally no income, but retention of right to live on and use the property Not Applicable Reportable by donor Charitable remainder interest Depreciation and depletion must be taken into account.