Establish a Charitable Gift Annuity

A Charitable Gift Annuity (CGA) is a simple way to support PBS KVIE while enhancing your own financial security. You make a gift, and in return, you receive fixed payments for the rest of your life. When the annuity concludes, the remaining funds come to PBS KVIE to support public media.

How It Works

1. Make your gift. Transfer cash, appreciated securities, or funds from your IRA to establish your gift annuity. The minimum amount to establish a CGA is $25,000 and the minimum age is 65.
2. Receive fixed payments for life. Your payment rate is based on your age at the time of the gift — the older you are, the higher your rate. Payments are guaranteed for life and are not affected by market conditions. You may elect to receive them quarterly, semi-annually, or annually.
3. Enjoy tax benefits. You receive a partial charitable income tax deduction in the year your annuity is established. A portion of your payments may also be tax-free. We recommend consulting your financial or tax advisor for guidance specific to your situation.
4. Leave a lasting legacy. When the annuity concludes, the remaining balance supports PBS KVIE.

PBS KVIE partners with the Sacramento Region Community Foundation, a licensed CGA administrator in California, to manage this program. The Foundation handles all paperwork, payments, and tax statements on your behalf, and retains a portion of the residue to cover administrative costs; the remainder benefits PBS KVIE.

Donors who would like to explore additional options may contact the National Gift Annuity Foundation, an independent national provider with a minimum gift of $20,000 and a minimum age of 55.

Frequently Asked Questions

Is it better to use cash or stock? Both are good options. A cash gift produces a larger tax-free portion of your payments. Donating appreciated stock may reduce capital gains taxes you would otherwise owe. Your financial advisor can help you determine what works best for your situation.

Can I use my IRA to fund a gift annuity? Yes. Thanks to the SECURE 2.0 Act passed by Congress in 2022, donors age 70½ or older may make a one-time transfer of up to $55,000 directly from an IRA to fund a Charitable Gift Annuity. This is known as a Qualified Charitable Distribution (QCD). A few things to know:

• The IRA funds transfer directly — you do not receive the money first
• The distribution counts toward your IRA Required Minimum Distribution (RMD) for the year
• Because IRA funds have not been previously taxed, your annuity payments will be fully taxable as ordinary income — but you will not owe tax on the distribution itself at the time of transfer
• The annuity can benefit you, your spouse, or both
• Payments must begin within one year of funding

As with any tax-related decision, we recommend consulting your financial or tax advisor to understand how this applies to your situation.

What if I want to benefit more than one organization? Your gift can reflect the causes you care about. You may designate more than one nonprofit organization as a beneficiary of your charitable gift annuity.