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 you can contribute.
- Life Income Plans
- Special Gift Planning Programs
- Restricted Assets