Planned Giving > Charitable Gift Annuity

Charitable Gift Annuity

A Gift That Creates Income For You

A charitable gift annuity (CGA) is a unique way to support Placer Food Bank while simultaneously creating income you can rely on in your retirement years.

Through a CGA, you make a gift to Placer Food Bank. From that gift, we create dependable fixed income for you (and someone else, if you choose) for life. After your passing, the balance remaining will enable Placer Food Bank to continue its work alleviating hunger.

In addition to both providing for yourself and creating your legacy, a CGA can also qualify you for a variety of tax benefits, including a federal income tax charitable deduction if you itemize.

If you fund your gift annuity with cash or appreciated property, you qualify for a federal income tax deduction if you itemize. In addition, you can minimize capital gains taxes when you fund your gift with appreciated property.

And now, you can fund your gift using your IRA assets. If you are 70½ and older, you can make a one-time election of up to $50,000 to fund a gift annuity. While your gift does not qualify for an income tax deduction, it does escape income tax liability on the transfer and count toward all or part of your required minimum distributions.

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend you learn more about your options and download this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.

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Payments for Life

Learn more about the many benefits of a charitable gift annuity in our FREE guide Charitable Gift Annuities: Gifts That Give Back.

Fund Your Donation With:

Next Steps

  1. Contact us for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with Placer Food Bank.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Placer Food Bank in your plans, please use our legal name and federal tax ID.
Legal name: Placer Food Bank
Address: 8284 Industrial Avenue, Roseville, CA 95678
Federal tax ID number: 94-1740316