The Charitable Gift Annuity: a Win-Win-Win!

If you could turn one of your assets (cash, stock or property) into quarterly income for yourself or a loved one, receive a significant tax deduction, AND make a tremendous contribution to San Diego Habitat for Humanity all at the same time, would you?

For most individuals over the age of 65 (and even for some much, much younger), Charitable Gift Annuities (CGA’s) offer the opportunity to do just that. CGA’s are a contractual agreement between you and a licensed nonprofit organization that guarantee a fixed income for the remainder of your life, and allow you to take advantage of significant charitable tax deductions.

Meet Jack Snider, San Diego Habitat for Humanity volunteer, donor and tremendous fan of the CGA. Jack has been involved with San Diego Habitat since our beginnings, providing a loan that enabled volunteers to build 10 houses in Tijuana in 1987. Not long after that first investment, Jack volunteered as a driver for the Carter Work Project. He gave tours, shuttled volunteers back and forth to the airport, and delivered supplies.

Fast forward 28 years later, Jack is giving to Habitat in a different way. Because of his firm belief that “everybody should have a home,” he is just about to sign off on his 7th CGA. This will be a 2-life annuity with Jack (age 86) and his daughter (age 41). She will receive a 2.7% return for the rest of her life. The remainder will support Habitat’s global and local efforts to build homes, communities and hope. Jack smiles and says “Rather than leaving an inheritance in one lump sum to my children, it is better for them to have the additional monthly income now. And this way, the money gets used twice!”

To learn more about how a single or double life Charitable Gift Annuity might benefit you, contact Karen Begin at 619-906-4482 or

Author: San Diego Habitat for Humanity

San Diego Habitat for Humanity is the local affiliate of Habitat for Humanity International and serves San Diego County. It is an autonomous 501(c)(3) nonprofit organization. It is governed locally, raises funds locally and builds locally. The Mission Seeking to put God’s love into action, San Diego Habitat for Humanity brings people together to build homes, communities, and hope.