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Charitable Gift Annuity

A charitable gift annuity is a simple contractual agreement between you and the Rutgers University Foundation. In exchange for a gift of cash or readily marketable securities, the foundation agrees to pay you and/or your loved ones fixed payments for life.

The payout rate depends on the number of recipients and their ages, and, of course, the current rates in effect when the gift is made. Once determined, however, it is important to note that the payout rate will not fluctuate with the market.

The foundation issues gift annuities to any beneficiary over the age of 60 who wishes to make a gift of $10,000 and greater.

Charitable gift annuities can also be deferred. This means you can make a gift now and begin receiving payments later on, with the guarantee of a higher rate of return. Donors who choose to defer income for a period of years can take a larger immediate income tax deduction. This can be a great retirement planning tool for younger donors.

Benefits

  • Guaranteed income–regardless of financial market volatility
  • Federal income tax charitable deduction
  • Avoidance of capital gains tax on gifts of appreciated securities
  • Savings on gift and estate taxes
  • Satisfaction of knowing that your gift will help to shape Rutgers’ future

These rates are effective January 1, 2012. Income rates are based on donor age and are subject to change.



If you would like to discuss how a charitable gift annuity might work for you, please contact the Office of Gift Planning at 1-888-782-3666 or giftplanning@winants.rutgers.edu.

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