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.