Charitable Gift Annuity

A charitable gift annuity is a wonderful way to help College of the Atlantic while taking care of your own needs or helping to ensure the future of someone else, such as a parent, sibling, child, or other loved one. With a simple contractual agreement, you can establish an educational endowment fund benefiting a particular area of interest and receive a guaranteed life income.

With a minimum gift of $25,000, you receive guaranteed quarterly income payments for the rest of your life. Annuity rates can be offered for one or two people and can range in percentage depending on the age and number of income recipients.

Gifts of cash, securities, or real estate may be used to fund a charitable gift annuity. You may qualify for a charitable tax deduction based on the annuity rate, and age and amount of the gift. In addition, capital gains taxes can be reduced and spread over a number of years.

 

Benefits

  1. Fixed payments for up to two lives (a portion of which may be tax-free).
  2. Removal of contributed assets from your taxable estate.
  3. An immediate income tax charitable deduction.