Gifts can be made with cash or marketable securities. The minimum gift is $10,000.

The fixed payment amount you receive will be determined by how much you contribute and your age at the time the gift is made.

Income for life may be paid to one or two annuitants. The minimum age at which an annuitant can receive payments is 65.

A portion of the payment is tax-free.

A charitable deduction is available for a portion of your contribution on your income tax return in the year
you make the gift.

It is possible to defer receiving payments for one or more years. This will result in higher annuity payments, higher tax deduction (available in the year you make the gift), allowing you to enjoy increased retirement income.