A charitable gift annuity is an attractive way to make a gift to the Canadian Diabetes Association and receive guaranteed income for life.
It is a gift that gives back. It can be especially appealing to individuals aged 70 or older, who wish to make a gift to the Canadian Diabetes Association and turn their taxable interest income from savings into substantially tax-free income.
Gives you the satisfaction of knowing that your donation is being used immediately in support of the CDA’s important work.
Guarantees you an income for life without any change.
Relieves you of investment worries.
How it works
A single donor (or couple) donates the minimum sum of $10,000 to the CDA.
Your age (not health) is used to determine the amount of the regular payments you will receive. The older you are the higher the payments, and they are guaranteed for life.
The CDA purchases a commercial annuity for you.
A portion of the donation is retained by the CDA to help people affected by diabetes, and a receipt for income tax purposes is issued to you for that amount.
For more information, please contact: Ericka Tovey, Director, Donor Marketing & Relations, 1-800-BANTING (226-8464) x7040 or firstname.lastname@example.org.
* Please Note: The information provided is general in nature and not intended to be a substitute for professional legal and/or financial planning advice. The CDA encourages all donors who are planning a significant gift to consult with their family and seek independent legal and/or financial planning advice.