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  • 1.  Managing Charitable Gift Annuities Questions

    Posted 07-13-2023 03:25 PM

    Hi

    We have some questions regarding managing charitable gift annuities.  Do institutions manage their own CGA, or do a number of you partner with an outside firm to manage and ensure payments are being made?  What is the best practice or the pros and cons?

     

    For those working with an outside firm, if a donor wants to give $50k from their IRA to the University and they want to name the institution as the beneficiary, then what is the mechanism/process for us to then, in turn, partner with an outside firm to manage the CGA to ensure donors receive their payments.

     

    Thanks.

     

    Colleen

     

    Colleen Hobson

    Associate Vice President Advancement Services

    Utah State University

    Tel: 435-797-1285  Fax: 435-797-1364

     



  • 2.  RE: Managing Charitable Gift Annuities Questions

    Posted 07-14-2023 07:32 AM

    Colleen

    We partner with TIAA-Kaspick to handle the investment and all logistics for CGAs, CRTs, and other planned gift instruments.  Our Finance Office also uses them for other functions.  They take care of the investing and distribution of all quarterly beneficiary payments, tax reports, and annual beneficiary summary reports.  For us as a small school, it is totally worth it.  They are fantastic to work with and as someone who has inherited much of this process, their expertise is invaluable.

    T.



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    Teresa Goddard
    DePauw University
    teresagoddard@depauw.edu
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