A charitable gift annuity (CGA) is a contract between you and your designated charity.  For some clients, the CGA can increase retirement income while also supporting a favorite charity.  Simply, you make an irrevocable gift of cash or stock to the charity, and in return, the charity makes regular fixed payments, often at fairly attractive rates, to you, you and your spouse, or someone you name, for life.   Among other benefits, the donor receives a tax deduction in the year of the gift and there can be capital gain savings on appreciated donated property.   The charity receives what is left of the gift after lifetime.