Gift Annuity

Our charitable gift annuity is a simple contract between the donor and the Rochester Area Foundation in which we agree to pay a yearly sum based on the ages of the individual or individuals receiving the annuity and the value of the gift. Donors can decide whether to accept an annuity for their own life and/or another beneficiary.

The older the beneficiary is, the higher the payout rate they receive on the gift annuity. Rates also increase with deferred annuity plans. You can talk with us to find out what would be beneficial to your needs. Those who establish a charitable gift annuity with the Rochester Area Foundation receive an immediate income tax deduction, which is calculated by subtracting the present value of the income from the gift value. This reflects the net amount of the gift after considering all the expected payments to the annuitant.