A charitable gift annuity is a simple contract between you and the New Covenant Family Foundation. In exchange for your irrevocable gift of cash or securities, NCFF agrees to pay one or two annuitants whom you designate a fixed annuity for life, and you will be entitled to an income-tax deduction in the year you make the gift. At NCFF the minimum age to start receiving annuity payments is 55. However, you can establish a charitable gift annuity at a younger age and defer the start of annuity payments to age 55. The minimum amount to establish a charitable gift annuity at NCFF is $5,000. You will receive an immediate income-tax deduction for a portion of your gift, and your annuity is backed by all of NCFF’s assets.