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Deferred Charitable Gift Annuity Funded with Cash

SUMMARY

Giving cash in exchange for a Deferred Charitable Gift Annuity (“DCGA”) allows a donor to benefit charity, receive an income tax deduction, and enjoy a steady, lifetime stream of income beginning at a future date the donor designates.

STUDY

James Smith, age 60, wants to make a gift to the local community foundation he has supported for many years, but is worried about having sufficient cash flow when he retires in 5 years at age 65.

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