A
charitable gift annuity is a simple contract between you and Dartmouth.
In exchange for assets irrevocably transferred to the College for
its eventual use, you and/or another beneficiary receive regular
fixed payments for life, backed by the resources of the College
Gift Annuity Benefits
- Gifts can be made with cash or marketable securities.
- Income for life may be paid to one or two annuitants at a rate
based on the beneficiaries' ages when the gift is made.
- A charitable tax deduction for a portion of the gift value is
available on your income tax return in the year of the gift.
- Appreciated securities are an effective way to fund a gift annuity,
especially if you will be the annuitant. This allows you to convert
low-yield securities into better paying investments while reducing
capital gains.
- Reduced estate taxes.
Give Now, Receive Later
For those who do not need income right away,
the deferred-payment gift annuity allows you to make a gift now
but delay the payout for a year or longer, resulting in higher annuity
payments and a higher tax deduction that can be taken in the year
you create the annuity. Deferred-payment gift annuities are ideal
for building up resources for your retirement while enjoying major
tax benefits now. Unlike other retirement accounts, there is no
ceiling on how much can be contributed. |
