Charitable Gift Annuities
A Charitable Gift Annuity (CGA) is a simple contract that guarantees your client a fixed income for life in exchange for a gift to New Mexico Community Foundation (NMCF).
- NMCF invests the CGA and makes periodic payments to your client.
- NMCF must continue to pay your client until the person is deceased—even if the money runs out.
- When your client is deceased, NMCF keeps whatever is left of the CGA.
- Once created, a CGA cannot accept additional assets from your client.