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CHARITABLE
GIFT ANNUITIES
In a charitable gift annuity the donor makes a substantial gift to the
school in the form of cash or securities, and receives income payments for the
rest of his or her life. The donor receives an income tax deduction for
the value of the gift and for part of each payment.
Payments are based on the donor's age, fixed at the time the gift is
made. Gift annuities can begin at the time the gift is made, or at a
future date determined by the donor.
Benefits of a Charitable Gift Annuity
- Leaves a legacy for the school, aiding it in continuing its mission.
- Provides competitive and consistent payments
for the giver.
- Provides an immediate federal income tax deduction for the value of the
gift and for part of each payment.
- If the annuity is funded with highly appreciated stock that has been held
for more than a year, capital gains taxes are eliminated.
For
more information on planned gifts, please click this link and submit form.
Return to Planned Giving
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