Charitable Gift Annuities
A charitable gift annuity allows you to make a planned gift while at the same time receiving a guaranteed, predetermined income for life. It is an ideal option for those who wish to make a gift to GPRC while receiving guaranteed income from the asset.
The benefits of charitable gift annuities:
- Annuities are high quality, guaranteed investments that provide regular payments to you and/or your spouse.
- You can choose the payment structure that best suits your needs – monthly, quarterly, annually. Your payments can be deposited directly into your bank account.
- Each payment is a blend of capital and interest – the capital portion of your payment is non-taxable. The blend is structured so you pay less tax.
The College works with financial advisors to explore the variety of options and to ensure that your annuity will meet your needs. After the details of the annuity have been decided, the College purchases the charitable gift annuity from a commercial institution on your behalf.
This information is general in nature, does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. We strongly encourage you to seek legal, estate planning and/or financial advice before deciding upon your course of action. If you are considering a planned gift, we recommend that you do so in consultation with your financial planner and/or legal counsel.
For more information contact: