Charitable Gift Annuity

The gift that gives back. A charitable gift annuity allows our more senior donors to make an immediate donation of a capital sum to the ROM, in return for regular payments at a specified rate for life. The amount of income paid to the annuitant (donor) and the portion that is tax-free depends on the age of the annuitant. Joint life annuities, that provide income for the lifetime of both lives involved, are also available.

It is a safe investment which can offer a significantly higher cash flow return than a GIC. Annuity payments are insured by the Canadian Life and Health Compensation Corporation and can be purchased now while deferring payments to a later date.

Having a portion of your investments in a charitable gift annuity ensures that you receive a stable lifetime income unaffected by fluctuating economic conditions or having to manage your investment.

A charitable gift annuity provides both an immediate and future legacy to the ROM. While you are investing to secure the quality of your life, you are also investing in a future of wonder and discovery at the ROM.

Your donation may be applied against 100% of your taxable income in the year of death and, to the extent the gift cannot be fully used, it can be used as a deduction for taxes paid in the immediately preceding tax year.

Marian’s Story