Iowa Insurance Division (Commerce)
“Charitable gift annuity” means a transfer of property by a donor to a charitable organization in return for an annuity payable over one or two lives, if the actuarial value of the annuity is less than the value of the property transferred and the difference in value constitutes a charitable deduction for federal tax purposes.
Community Development
charitable gifts, annuity
Current value: 0 out of 5
Data Provided By
Iowa Insurance Division, Iowa Department of Commerce
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