Charitable Gift Annuity

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How It Works


Stocks and/or Bonds

  1. Make a gift of cash or securities to Berkeley. The annuity can be established with $20,000 or more.
  2. We will pay you — or one or two individuals that you name — fixed annuity payments for life.
  3. When the contract ends, the remainder of the annuity is used to support the Berkeley programs you designate.

- Charitable gift annuities shall be issued for the lives of, at most, two individuals at least 70 years old at the time annuity payments commence.

How You Benefit


Income Tax Deduction

Capital Gains Tax Benefit*


  • Receive an income tax charitable deduction at the time of the gift. (We can provide sample deduction calculations.)
  • Your lifetime payments are backed by a reserve and the general assets of Berkeley.
  • Get favorable tax treatment for a portion of your annuity payments, including a tax-free portion for gifts of cash.
  • Diversify your assets.

*For appreciated assets such as stocks/bonds held more than one year


IRA qualified charitable distributions (QCDs) may be used to create a charitable gift annuity

  • Must be 70 ½ or older at time of transfer.
  • Elect to distribute up to $50,000 to create a charitable gift annuity.
  • Election available only once in an IRA owner’s lifetime.
  • Only the IRA owner and/or his/her spouse may receive the annuity payments.
  • Distribution can satisfy all or part of the required minimum distribution (RMD).
  • Donors are encouraged to consult with their advisors as there are additional limitations.
For more in-depth information, please call one of our experts at 510-642-6300.