Investment in contract is a term used to describe the value of an annuity interest.
In the context of planned giving, investment in contract is used to describe the present value of an annuitant's income interest in a gift annuity contract. The value of a gift annuity donor's charitable contribution equals the funding amount of the gift annuity minus the total investment in contract of all of the annuitants.
If you use PG Calc's Planned Giving Manager software, you can find a gift annuity's investment in contract on the Actuarial Calculations chart in Basic Gift Illustrations.
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