Charitable Gift Annuity A CGA guarantees income for life with an immediate income tax deduction, and can support the causes that are important to you forever. Payments are based on your age: the older you are, the greater the annuity payment. You can also choose to receive an income tax deduction now and defer receiving the annuity payments until a future date of your choosing. After receiving annuity payments for life, the remainder interest may be used to establish a named charitable fund or be added to an existing fund. Learn more here.   Charitable Remainder Trust A CRT is very flexible; payments may be made to you or another beneficiary for life, or a specified number of years. The income beneficiaries receive an annual amount equal to a fixed percentage of the trust’s fair market value, or a fixed dollar amount. A CRT may be set up during your lifetime or through your will.