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Charitable Gift Annuities Gift annuities are a safe, dependable source of fixed income for donors. Gift annuities help to minimize your annual tax liability, but provide you with a charitable income tax deduction in the year of the gift. A Charitable Gift Annuity is simple to create, and can be established for amounts of $1,000 or more. All gifts donated for the creation of a Charitable Gift Annuity are added to the New Century Library Fund Endowment. Through this fund, resources will always be available to the Library for programs, books, and computers. Some of the Planned Gift options available: Gifts from an Individual Retirement Account |