Charitable Gift Annuity (CGA)
A charitable gift annuity is a gift made to WBUR that can provide you with a secure source of fixed payments for life.
Benefits of a charitable gift annuity
- Receive fixed payments to you or another designated annuitant for life
- Receive a charitable income tax deduction for the charitable gift portion of the annuity
- Benefit from payments that may be partially tax-free
- Further the work of WBUR with your gift
How a charitable gift annuity works
A charitable gift annuity is a way to make a gift to WBUR, a 501(c)(3) tax-exempt organization, licensed by Boston University and whose legal name is Trustees of Boston University.
- You transfer cash or property to Boston University for the benefit of WBUR.
- In exchange, we promise to pay fixed payments to you or a designated annuitant for life. The payment amount is based on your age, and a portion of each payment may even be tax-free.
- You will receive a charitable income tax deduction for the gift portion of the annuity.
- What's left of your gift after your lifetime will continue to support the high-quality news and information that WBUR produces.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax. Please contact us to inquire about other assets that you might be able to use to fund a charitable gift annuity.