The gift that gives back: How to create a lasting legacy with a charitable gift annuity

What if your generous gift to the community could also provide you—or someone you love—with a steady stream of income for life?

With a charitable gift annuity (CGA) through the Owen County Community Foundation (OCCF), that vision becomes a reality.

A CGA is a unique giving tool that allows you to support the future of Owen County while receiving lifetime annuity payments and immediate tax benefits. It's one of the simplest ways to leave a legacy that lasts far beyond your lifetime.

How does it work?

When you establish a charitable gift annuity, you make a one-time gift of $10,000 or more to OCCF—using cash, appreciated securities or other assets. In return, OCCF agrees to pay a fixed annuity to you (and optionally, a second annuitant) for the rest of your life.

Upon your passing, the remaining balance—called the residuum—is used to support charitable causes close to your heart.

You can use your gift to contribute to an existing fund, or create a new fund to support a specific field of interest, such as education, health or the arts. You decide how your legacy will live on.

Key benefits of a CGA

Lifetime income: You and/or a loved one receive reliable annuity payments for life.

Tax deduction: You receive an immediate charitable deduction for part of your gift.

Partial tax-free payments: A portion of your annuity income may be tax-free.

Avoid capital gains tax: If you fund the CGA with appreciated assets, you bypass capital gains tax.

Simple setup: The agreement is a straightforward contract—no legal maze to navigate.

Community impact: Your gift ultimately strengthens Owen County for generations to come.

Who should consider a CGA?

A charitable gift annuity might be right for you if:

You are 60 or older and want a secure, lifelong income stream.

You want to create a meaningful legacy in Owen County.

You have cash or assets of $10,000 or more to contribute.

You want to simplify your estate planning while maximizing impact.

Backed by community strength

When you invest in a CGA through OCCF, your gift is supported by the financial foundation of a trusted institution. Since 1994, OCCF has managed over $15 million in permanent assets, ensuring every gift is stewarded with integrity and care.

Let's start the conversation

Interested in learning more about creating a charitable gift annuity? OCCF works closely with you and your professional advisor to design a CGA that aligns with your goals.

Contact Janet Rummel, President & CEO of OCCF, at 812-829-1725 or email ceo@owencountycf.

About the Owen County Community Foundation

The Owen County Community Foundation (OCCF) is a public charity founded in 1994 as a resource to connect caring individuals with causes they support, enabling them to make a charitable impact on the community. Since its founding, the OCCF has been able to grant more than $12.3 million to area nonprofit and charitable organizations in our community. The OCCF is committed to enhancing the quality of life for all citizens of Owen County, now and for generations to come.

For more information, visit owencounty.org or call 812-829-1725.