Community Foundation of New Jersey

If you have a donor seeking to establish a charitable gift annuity, we can help. The Community Foundation has a license by the New Jersey Department of Banking and Insurance that enables us to issue charitable gift annuities for the ultimate benefit of your charity.

It's simple to do. Your donor establishes a Charitable Gift Annuity with the Community Foundation specifying your charity as the beneficiary. The donor receives a lifetime income based on the value of the gift and annuitant rates.

On average, at the end of the life of the donor there will be one-half of the original principal amount to be paid to the charity. The other one-half will have been consumed by payments out to the donor annuitant in excess of what the annuity payment is expected to earn.

If the donor outlives their life expectancy, the Community Foundation, not the charity, maintains the responsibility of paying into the pool to offset the difference between expected and actual numbers.

Read Charitable Gift Annuity Offering Statement

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Questions? Contact Nancy Hamilton at 973.267.5533 x 240 or by email.