Charitable gift annuity – a gift that gives back
CGA rates increased in January 2024 and are currently higher than they have been in more than a decade! Learn how you can receive payments for life and help the kids of St. Jude.
St. Jude patient Hadleigh
What is a charitable gift annuity (CGA) to St. Jude?
A charitable gift annuity provides a way for you, as a donor, to make an irrevocable gift to support the lifesaving mission of St. Jude Children's Research Hospital, while at the same time providing a source of fixed income for life to you — or another recipient of your choosing.
How does a charitable gift annuity work?
When you sign an annuity agreement with a charity like St. Jude, you make a lump sum donation and take a partial tax deduction.
Once the lump sum is invested, you or a person of your choosing receive payments on a fixed schedule for life, per terms of the agreement.
After the recipient's lifetime, the charity receives the balance of the invested funds.
You can make a CGA part of your legacy plans. Learn more about legacy giving at St. Jude.
It is something that I can be proud of because the money is going to support such a phenomenal institution that saves children’s lives. It is a win-win situation for me, and it will also benefit my daughter in the future.
- Mary Hurst, the mother of a St. Jude survivor who continues her support of St. Jude through a joint-deferred CGA.
St. Jude patient parent and supporter Mary Hurst
Is a charitable gift annuity right for me?
When you choose to set up a CGA with St. Jude, there are several benefits — both to you and to the children at St. Jude. Planned giving through a CGA might be right for you if you:
- Want to receive fixed payments for life that will not fluctuate
- Have assets that would be advantageous to give away during your lifetime, such as cash or funds earning low interest rates, or appreciated securities
- Want to reduce your current income taxes with a charitable deduction
ALSAC/St. Jude Children’s Research Hospital does not provide tax, legal or accounting advice. This material is prepared and made available to you for informational purposes only and is not intended to provide or be relied upon for tax, legal or accounting advice. You should always consult a tax professional to determine your particular tax benefits that may result from any particular type of gift to charity.
Use your QCD to fund a CGA
Did you know that you can use your qualified charitable distribution (QCD) to fund a CGA?
As of 2023, IRA holders age 70½ and above can establish one or more CGAs up to $53,000 in total from their QCD. This total amount counts toward the maximum annual QCD limit of $105,000. This opportunity to fund one or more CGAs through your QCD is only available in one calendar year.
While St. Jude representatives are happy to discuss planned giving options, you should consult a tax advisor or other professional for additional information regarding your specific situation.
St. Jude patient Mondreas with his mom
What are the current gift annuity rates?
Gift annuity rates are on the rise. Did you know CGA rates increased January 1, 2024? Please contact us to discuss the benefits of a CGA and how these rate changes could impact you and your charitable giving.
Annuity payment rates, effective Jan. 1, 2024, based on $20,000 gift annuity
| AGE | RATE | ANNUAL PAYMENT |
|---|---|---|
| 70 | 6.3% | $1,260 |
| 75 | 7.0% | $1,400 |
| 80 | 8.1% | $1,620 |
| 85 | 9.1% | $1,820 |
| 90 | 10.1% | $2,020 |
*The St. Jude Charitable Gift Annuity program bases its rates on the recommendations of the American Council on Gift Annuities (ACGA).
For a personalized calculation, please contact us.
Try our interactive charitable gift annuity calculator.
Explore our deferred charitable gift annuity calculator.
View our informative brochure to learn more about charitable gift annuities.
Tax ID Number:
62-0646012
We are a tax-exempt, charitable institution listed in the Federal Internal Revenue Service Publication #78, "Cumulative List of Organizations," revised IRS Code 501(c)(3).
Why donate to St. Jude?
Families never receive a bill from St. Jude for treatment, travel, housing or food — so they can focus on helping their child live.
When St. Jude opened in 1962, childhood cancer was considered largely incurable. Since then, St. Jude has helped push the overall survival rate from 20% to more than 80%, and we won't stop until no child dies from cancer.
Every child deserves a chance to live their best life and celebrate every moment. When you support St. Jude, you can help make cures possible for kids with cancer. Together, we can save more lives.
Our Gift Planning department has a representative in your area who can provide further information or help you prepare the right questions to ask your financial advisor to determine what type of planned gift may be right for you.
Email giftplanning@alsac.stjude.org, call (800) 395-1087, or fill out the form below, and a St. Jude representative will contact you.
Are you a financial advisor, estate planner or attorney? Call (800) 837-2757, email advisor@alsac.stjude.org or fill out this Advisors form instead.
Have you left St. Jude in your will or estate plan?
As an acknowledgment of your generosity when you give a gift to St. Jude through your will or estate plan, you become a member of the Danny Thomas – St. Jude Society, and we recognize your commitment to the mission of St. Jude in a variety of ways.
Learn How We Honor Your Generosity Explore More Planned Giving Options
St. Jude patient Aspen
You might also be interested in:
-
Giving for professional advisors
Whether you're an estate planner, attorney or financial advisor, you can help your clients create a lasting legacy through a variety of gift types.
-
See the impact of your gift
Major gifts to St. Jude through stock, DAFs, CGAs and more help ensure the pioneering research and unsurpassed patient care today can impact future generations.
-
Give through wills and bequests
Learn how you can make a charitable bequest, leaving a portion of your estate to a charity like St. Jude through your will or living trust.