A Charitable Gift Annuity (CGA) allows you to make a gift of cash or securities in exchange for fixed payments the rest of your life. Upon your death, the remaining value goes to your favorite charities.

Here’s how it works in a nutshell

You gift money or appreciated assets to Capstone, who issues a CGA contract. You receive an immediate tax deduction on a portion of that gift, and then receive fixed annuity payments each year for the rest of your life. A CGA can be issued on a single life or on a joint life.

Here are three of the main benefits:

1. Fund your CGA with cash, stocks, bonds, mutual funds, and other non-cash assets (not including real estate).
2. Support your favorite charities—either in your name or anonymously—while receiving fixed payments for life.
3. To fund the payout of your CGA, Capstone reserves the right to fund this traditionally or by reinsuring it through a commercial annuity.


Capstone functioned as the charitable gift planning department for a ministry in Lancaster, Pennsylvania. When the owner of a well-known business sold his company, he used a lot of the proceeds to make multiple gifts to local and national faith-based organizations. One of his last estate planning strategies was to enter into a CGA agreement for $2 million with Capstone. The CGA paid out quarterly income based on his age and a set rate of return of 9%. One year later the donor died and the residual (balance) of the account was paid to the designated ministry.