Charitable Gift Annuity - Lubavitch Chabad of Skokie
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Charitable Gift Annuity

The Charitable Gift Annuity is an agreement between you and Lubavitch Chabad of Skokie to pay you or your designated beneficiary a fixed annuity for life. A CGA can be funded with cash, stock, and in most cases, real estate. The payments vary according to the age of the individual. You can enjoy significant tax benefits while providing a legacy gift to Chabad.  

Below are the current rates from the American Gift Annuity Council for a Single Life term as of November 7, 2016.

Age Rate
65 4.7
70 5.1
75 5.8
80 6.8
85 7.8
90+ 9.0

How Can A Charitable Gift Annuity Work For You?

  • A charitable gift annuity to Chabad will pay a fixed payment for life.
  • Receive a guaranteed income stream for life far above market rates.
  • A CGA is the easiest gift that will benefit both you and Chabad.
  • The remainder of your Gift will go towards our institution after the donors passing.
  • You can donate appreciated stock to fund the annuity.
  • A portion of the income stream is Tax Free.
  • A Gift Annuity is Irrevocable.
  • A Charitable Gift Annuity is a wonderful vehicle to leave a legacy to the Jewish people.

Please allow us to work with you, your family, and if desired, your financial advisor, to develop the most personalized strategy for your goals. For more information contact us.

Rabbi Yochanan Posner
Lubavitch Chabad of Skokie
4059 Dempster Street
Skokie, IL, 60076
847-677-1770 x302