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Working with an Annuitant to Assign their Annuity Interest to Your Organization

Posted by Jen Wickham on August 27, 2013

An annuitant who concludes that he or she no longer needs the annuity payments – and won’t need them in the future either – could choose to assign to the charity the right to all future payments. If it is irrevocable, the assignment effectively terminates the annuity. When this happens, the annuitant may receive a charitable deduction for contributing her remaining interest in the annuity.

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Topics: charitable gift annuities, charitable gift annuity, complex planned gifts

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