If you would like to make a legacy gift to Ohio NOW that will also provide payments for you now, you may choose to establish a charitable gift annuity (CGA). CGAs allow you to donate assets to Ohio NOW now and receive fixed payments for your lifetime.

Benefits include:

  • Fixed percentage rates: Rates are fixed when the annuity is issued, and will not change, regardless of market fluctuations. Payment rates are based on your date of birth; as your age increases, the rates available to you do as well. You must be at least 65 years of age to participate.
  • Secure lifetime payments: exchange a one-time donation (minimum $10,000) for secure monthly payments for you and/or one other person for the rest of your life or lives.  If you are interested in establishing a joint gift annuity with your spouse or another person, the younger donor must be at least 65 years of age, and all gift calculations and arrangements will be based on that person’s birth date.  Our payments will continue throughout the surviving donor’s life.
  • Tax advantages: a portion of the annual payments from your gift annuity would be tax-free for your total life expectancy, and if you itemize your taxes, you would receive a tax deduction for your initial donation this year.

For more information, contact your attorney and/or financial advisor.