The New York Times - A charitable gift annuity is a way to ensure regular income while also leaving a donation behind, but the coronavirus is squeezing some previously solvent schools.
The other rate that matters is the investment return; the recession has driven those
rates down. That could be bad for donors expecting a tax deduction on what is eventually
left to the nonprofit because a lower assumed rate of return means more money that
needs to be paid back as an annuity and less left over at the end, said Russell James,
a professor of personal financial planning at Texas Tech University.
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