Charitable Gift Annuities

A Charitable Gift Annuity (CGA) is an investment in the future of the Free Library. A CGA guarantees you an income for life and allows the Library to invest your gift during your lifetime.

Here's how it works:

  • A CGA can be established by someone 65 or older, with a gift of $10,000 or more.
  • The Free Library agrees to pay you a fixed payment every quarter for the rest of your life. This amount is guaranteed and will never change regardless of the economic climate.
  • A significant portion of this payment is tax free, and you can take a charitable deduction in the year you make the gift.
  • The remainder of your gift annuity can be restricted to a specific purpose or neighborhood library, or left unrestricted to meet the Library's most critical needs.

Rates for CGAs are based on your age. Current rates, as of August 1, 2013, are listed below based on a $10,000 gift.

Sample CGA Rates

Here's how it works:


Establishing a CGA today means that you are supporting the Library in a meaningful way and generating an income for yourself that you can depend on well into the future. Individuals who create CGAs are members of The Benoliel Society. We're thrilled to be able to offer charitable gift annuities and happy to work with you and your advisor to get started.

For more information, please contact The Free Library of Philadelphia Foundation at 215-567-7710 or

Donor Profile
Sometimes the most generous gifts come from the most unexpected places. Raymond Fay was a high school science teacher in North Philadelphia who made a modest salary—never more than $11,400—and led a very private, quiet life. He was a humble man who lived frugally and didn’t own a car or a telephone, but he read more than 16,000 books in his lifetime, most… Read More