A Charitable Gift Annuity (CGA)is a simple contract that guarantees your client a fixed income for life in exchange for a gift to New Mexico Foundation (NMF).
- NMF invests the CGA and makes periodic payments to your client.
- NMF must continue to pay your client until the person is deceased—even if the money runs out.
- When your client is deceased, NMF keeps whatever is left of the CGA.
- Once created, a CGA cannot accept additional assets from your client.