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Charitable Gift Annuity

Charitable Gift Annuity

Today more than ever, Americans want reliability, certainty and accountability. For many of us, it means a return to classic values and enduring ideals. One of these values is the charitable gift annuity (CGA).

A gift annuity is a contract between a donor and the Area Foundation that allows the donor to leave a charitable gift according to their wishes and receive a fixed percentage distribution every year of their life. Establishing the charitable annuity at the Area Foundation has three powerful advantages:

  • A much larger rate of return than many other investments (rates vary per age of donor).
  • Significant tax savings because much of the growth will not fall under the "capital gains" tax rule.
  • The remainder of the annuity will go to support the charitable causes you care about most.
Ruth Lofgren, PhD, a 93-year-old philanthropist and San Antonio's first peace laureate, has always been a leader. Among her many accomplishments are teaching ecology and science education at City University of New York; teaching science enrichment in a Quaker school for emotionally disturbed students; and serving on the Waste Water Advisory Committee to the San Antonio City Council. In 2006, Ms. Lofgren established a Charitable Gift Annuity at the San Antonio Area Foundation.

In an audio interview with Kathleen Finck Esq., Planned Giving Director for the Area Foundation, Ms. Lofgren explained why she chose a Gift Annuity. "I think a charitable gift annuity is a very wise way to provide myself with a stable income and to support a worthy cause in the future." After her death, the remainder of the annuity will go into a fund at the Area Foundation in support of the Institute of Noetic Sciences IONS.

When asked why she chose San Antonio Area Foundation to administer the Gift Annuity, Ms. Lofgren affirmed, "As a resident of Texas, I needed to work through a local foundation and the San Antonio Area Foundation was ideal to administer the charitable gift annuity for IONS. I'm delighted with their competence and good will. Their projects are major contributions to the community."


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210.228.3760

303 Pearl Parkway, Suite 114
San Antonio, TX 78215

The San Antonio Area Foundation helps donors achieve their charitable goals for the greater benefit of the community.

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